Chap. 22 Flashcards
(3 cards)
0
Q
The interest or value that an owner has in property over and above any indebtness
A
Equity
1
Q
The net spendable income from an investment determined by deducting all operating and fixed expenses from the gross income. When expenses exceed income,an negative _____results.
A
Cash flow
2
Q
The use of borrowed money to finance an investment
A
Leverage
