by AOXEN | Jul 26, 2022 | Bookkeeping
We took out a loan to pay for the remainder of the purchase price of the delivery van. The Liability is increasing (we owe more now than we did before we bought the van.) To increase a Liability we Credit it. When we track the changes in the Accounting Equation, we...
by AOXEN | Jun 22, 2022 | Bookkeeping
District Court for the Northern District of Texas determined that the Internal Revenue Service (IRS) lacks the authority to assess ACA penalties against employers without a prior certification from the Department of Health and Human Services (HHS). This decision may...
by AOXEN | May 20, 2022 | Bookkeeping
Because office buildings, multifamily properties and warehouses may take several years to complete, this “temporary” classification may remain on a company’s books for several years. Companies that build and manage properties may maintain separate...
by AOXEN | Apr 15, 2022 | Bookkeeping
Once recorded and tax implications addressed, financial statements must reflect the changes. Proper financial reporting ensures transparency for stakeholders, including investors, auditors, and regulators, and aligns with GAAP and IFRS. Learn how to account for...
by AOXEN | Apr 6, 2022 | Bookkeeping
Economists Merton Miller and Franco Modigliani argued that a company’s dividend policy is irrelevant and has no effect on its stock price or cost of capital. The stock might trade at $63 one business day before the ex-dividend date. On the ex-dividend...
by AOXEN | Feb 19, 2022 | Bookkeeping
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