You are considered to receive an item of gross income if you actually or constructively receive it or it is due and payable to you. Under this rule, you report an amount in your gross income on the earliest of…
All components of working capital can be found on a company’s balance sheet, though a company may not have use for all elements of working capital discussed below. For example, a service company that does not carry inventory will simply…
Now, each of your transactions follows a procedure before they are represented in the final books of accounts. First, the transactions are recorded in the Original Book of Entry, known as Journal. Once the Journal is complete, these transactions wave…
According to the accounting equation, assets should equal the sum of equity plus liabilities. When the business provides the good or service, the unearned revenue account is decreased with a debit and the revenue account is increased with a credit.…
A company acquires these assets to increase productivity and raise the overall performance of the business. Intangible assets are amortized which is a concept similar to depreciation but the type of assets differ in both cases. In conclusion, it can…
Critically, FICA taxes are calculated based on income after voluntary deductions are subtracted from gross pay but before the taxes themselves are subtracted from gross pay. Once you’ve determined voluntary deductions, mandatory deductions, and taxes, as well as gross pay,…
It is just great for establishing the earnings per share and other past financial records. However, it does not helps in revealing the future trends that the different items may take. Comprehensive income has been included in IFRS standards since…
Применяется в производстве высокоточных приборов, теплообменников, отопительных приборов, труб, а также в медицине и химии. Оценивая перспективы заработка на Форексе и других рынках, следует учитывать классификацию металлов, разделяющихся на драгоценные и промышленные. Сейчас дилеры предлагают проводить операции как с первой,…
AI and blockchain are both used across nearly all industries — but they work especially well together. AI’s ability to rapidly and comprehensively read and correlate data combined with blockchain’s digital recording capabilities allows for more transparency and enhanced security…
This means the employer can terminate the employee’s employment for any reason whatsoever, i.e., at-will, except where doing so would violate federal or state discrimination or labor laws. An at-will employee can also be demoted or reassigned at the sole…
