Next, the “Retained Earnings” are the accumulated net profits (i.e. the “bottom line”) that the company holds onto as opposed to paying dividends to shareholders. When companies issue shares of equity, the value recorded on the books is the par … Continua a leggere
For instance, the value of fixed assets (PP&E) is recorded at their original historical cost and depreciated over their useful life, i.e. the expected number of years in which the fixed asset will continue to contribute positive economic value. If … Continua a leggere
Investors would like to see the money they invested is being used to generate sufficient cash to receive a return on their investment. This ratio could also be helpful internally for budgeting and investment strategy. The table may also decrease … Continua a leggere
Instead, they want to eliminate the lowest income tax bracket and set the top rate at 5.65%. What they want is for Kansas City voters to approve a tax that would raise as much as $2 billion of taxpayer money … Continua a leggere
LITCs can represent taxpayers in audits, appeals, and tax collection disputes before the IRS and in court. In addition, LITCs can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. … Continua a leggere
Your books are considered accurate and reliable for decision-making, and small adjustments may still happen later by your bookkeeper. When you see the “In progress” status, it means that your team is actively reconciling your financial data behind the scenes. … Continua a leggere
This could be money that you owe or products and services that have been paid for but have yet to be rendered. You can find that number by subtracting your liabilities from our assets. Use this simple, easy-to-complete balance sheet … Continua a leggere
Recording the above journal entry will offset your current accounts receivable balance by $3,000. For example, if your current accounts receivable balance is $8,000, the actual value of the account would be $5,000. Since then, you’ve improved customer screening and … Continua a leggere
