Accounting Terminology


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Net Book Value
Represents first cost of Plant and Equipment, less Accumulated Depreciation
Net Proceeds
In reference to Fixed Income Securities: The sale price of the securities, excluding purchased interest, less any brokerage fees, transfer taxes, or other expenses directly related to the sale.
Non-Exempt / Nonexempt
Refers to employees who are subject to the provisions of the Fair Labor Standards Act. These employees are also referred to as "biweekly employees".
Non-resident Alien
If a person does not meet either the Green Card or Substantial Presence Test, then that person is classified as a non-resident alien.

A new arrival on a J-1 or F-1 visa is generally a non-resident alien.

Non-resident aliens are taxed only on their income from sources within the U.S. and on certain income connected with the conduct of a trade or business in the U.S.