What is better a CD or savings?
Savings accounts give you more flexibility to make withdrawals, but CDs can offer higher interest rates. Savings accounts give you more flexibility to mak...
Category: General
How does paying liability in cash affect the accounting equation?
If liabilities are purchased with cash then supplies will be bought against income statement. It would affect net income. In simple words, it means assets...
How does net cash flow differ from net income?
Net income is the revenues recognized in a reporting period, less the expenses recognized in the same period. Net cash flow is calculated by determining c...
How is bond premium treated?
Subtract the bond premium amortization from your interest income from these bonds. Report the bond’s interest on Schedule B (Form 1040A or 1040), line 1. ...
Is stockholder equity an expense?
An expense will decrease a corporation’s retained earnings (which is part of stockholders’ equity) or will decrease a sole proprietor’s capital account (w...
How long does it take to transfer a stock?
How long does stock transfer take? Stock transfer usually takes 5-7 business days to complete. However, delays may occur if your outgoing account type dif...
Do dividends count as profit?
Dividends. A dividend is a payment a company can make to shareholders if it has made a profit. You cannot count dividends as business costs when you work ...
What is included in distribution expenses?
Distribution costs (also known as “Distribution Expenses”) are usually defined as the costs incurred to deliver the product from the production unit to th...
Do I need to send 1099 to state of Georgia?
Does Georgia mandate 1099 filing? Yes! The State of Georgia mandates the filing of 1099 only if there is a state withholding. However, Form 1099-K must be...
Why is goodwill important in accounting?
Why is goodwill accounting important? From the seller’s perspective, a large goodwill value means the buyer saw a lot of excess intangible value in the bu...
