FORM 1120 Definition

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FORM 1120 is the income tax return form used by corporations in the U.S.

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DEFINED CONTRIBUTION is a pension design that defines the amount of contributions, usually a percentage of salary. The benefits payable at retirement depend on factors such as future investment return and annuity rate at retirement. If a plan is registered for tax purposes, the maximum contribution amount (usually a percentage of earnings or income up to a dollar limit) is defined by tax regulations.

CFO to DEBT see CASH FLOW / CURRENT PORTION OF LONG TERM DEBT.

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