mayo 24, 2023

What is Accounting and Why it Matters For Your Business

Generally, the basis of property acquired by INHERITENCE, BEQUEST or device from a DECENDANT is the FAIR MARKET VALUE of the property on the date of the decendant’s death. Thus […]
noviembre 14, 2022

What is Materiality in Accounting? Definition, Example, and Explanation

In terms of ISA 320, paragraph A1, a relationship exists between audit risk and materiality. Yet, the ASB continued to maintain a definition of materiality that […]
septiembre 23, 2022

What to do when a W-2 or Form 1099 is missing or incorrect Internal Revenue Service

For example, payments of $600 or more made in the course of your trade or business to an architectural firm that is a partnership are reportable […]
abril 19, 2022

Basics of estimated taxes for individuals Internal Revenue Service

However, the 6.2% that you pay only applies to income up to the Social Security tax cap, which for 2022 is $147,000 ($160,200 for 2023). So […]
marzo 4, 2022

Is Revenue a Debit or Credit? Your Ultimate Guide on Accounting for Revenues

The operating revenue is the revenue that can be compared year-to-year in the financial statements of a business entity. For instance, the cleaning service provider will […]
diciembre 16, 2021

Explained: Leverage Ratio Definition, Examples and Calculation

Although an important part of fundamental analysis, investors and traders should conduct further research before taking a position in a stock, and never risk more money […]
junio 14, 2021

Different Types of Operating Expenses

Instead of deducting the entire $10,000 from your revenue in year one, you could amortize the cost by dividing it evenly over those five years – […]
junio 11, 2021

What Are My Financial Liabilities?

In this case, it is a matter of confronting the two main groups into which the Liabilities of the Accounting Balance are divided. All this is […]
junio 9, 2021

CPA Requirements by State: 2023 CPA Exam Requirements Guide

The amount of time it takes to acquire a degree varies from country to country. In the US, this entails a four-year bachelor’s degree in accountancy. […]


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