Trump has argued in various court hearings and filings that Smith’s appointment was unlawful since he was neither appointed by the president nor approved by the Senate. The Justice Department has defended Attorney General Merrick Garland’s decision to name Smith as special counsel, arguing legal and historical precedent supported the move. Under the application of […]
Saznaj višeWe hope these guides help to provide some inspiration in taking the first step towards exploring using AI in your practice and encouraging your clients to do the same. So, to help you and your clients embrace AI and understand the benefits of these new tools, we’ve published two simple AI guides, tailored to small […]
Saznaj višeWhen an account is written off, the debit balance in the allowance account for uncollectable debts should be debited and a corresponding credit entry made to bad debts expense. A bad debt provision is a reserve against the future recognition https://simple-accounting.org/ of certain accounts receivable as being uncollectible. The underlying principle for bad debt provisions […]
Saznaj višeOn October 1, 2020, John & Co of Michigan consigned 500 lawn mowers to Roberts & Co in New York. On October 31, 2020, Roberts sent an account sales with a cross-check for the balance. We can divided an account sales into three sections on the basis of https://intuit-payroll.org/ information it provides to the consignor. […]
Saznaj višeUnited Bancorp Inc. declared a 15 cents per share special dividend on Feb. 23, 2023. Dividends can boost your overall returns, giving you the added benefit of compounding. Compounding can dramatically increase your investment returns over the long run. Dividends are always considered taxable income by the Internal Revenue Service (IRS), regardless of the form […]
Saznaj višeIn closing, a screenshot of the completed spreadsheet can be found below, where we converted the percentages (%) to basis points (bps), and vice versa. In contrast, converting a percentage into bps — the far more common calculation — involves multiplying the percentage rate by 100. This is the Fed’s benchmark interest rate, used to […]
Saznaj višeAuthorized shares and outstanding shares are issued by companies but there’s a distinct difference between the two. Authorized shares are the total number of shares that companies can legally issue to their investors. Companies issue different types of shares of equity, the largest and most common type being common shares. Common shares represent ownership interest […]
Saznaj višeAdam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew […]
Saznaj višeWhen a company sells products in a perpetual inventory system, the expense account increases and grows the cost of goods sold (COGS). COGS represents production costs and expenses during a specific period. https://quick-bookkeeping.net/ This includes the materials and labor costs but not distribution or sales expenses. One of the main differences between these two types […]
Saznaj višeThe purchase order is an official confirmation receipt of the order sent by the buyer to the vendor. The purchase order authorizes the purchase and includes information like PO number, payment information, and description of goods and their quantity. While it’s always an important internal control, the disadvantages of 3-way matching come into play when […]
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