Unearned revenue is usually disclosed as a current liability on a company’s balance sheet. This changes if advance payments are made for services or goods due to be provided 12 months or more after the payment date.... Read more
As such, it offers the most accurate insight into a company’s profitability. But even Walmart sells some products with a relatively high-profit margin.Are there some clients who are always taking up too much of your time, demanding a discount, ... Read more
Sometimes, leasing assets may be cheaper than buying them outright – calculating the total assets you're carrying can help you to figure out your tolerance for buying versus leasing. The meaning of total assets is all the assets, or items of. Read more
This temporary change applies only to food and beverages provided by a restaurant. Business credit card to deduct qualifying interest charges. If you use a personal card exclusively for business expenses, for example, you can generally still deduct t... Read more
Provided, it does not meet the intangible assets definition and recognition criteria. Furthermore, the possibility of future economic returns flowing from such intangible assets must depend on valid assumptions. These assumptions must be with regard ... Read more
Please declare your traffic by updating your user agent to include company specific information. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Your request has been i... Read more
The IRS requires employers to make the deductions and remit the deducted amounts. These taxes are calculated when employees sign their W-4 withholding form, and they remain in place unless it’s updated.... Read more
A sample balance sheet for the fictitious Springfield Psychological Services at December 31, 2004 and 2003 is presented below, as an example. Financial statements aren’t the most sexy thing in the world, but they’re must-have knowledge fo... Read more
A reconciliation of the petty cash fund must be done on a regular basis. Complete the Petty Cash/Change Fund Reconciliation Form to insure the receipts plus cash on hand is equal to the amount of the authorized petty cash fund. Makes. Read more
This leftover money belongs to the shareholders, or the owners, of the company. Liabilities also include obligations to provide goods or services to customers in the future. We all remember Cuba Gooding Jr.’s immortal line from the movie Jerry ... Read more
