Where are finance leases on the balance sheet?
Lease payments are considered operating expenses and are expensed on the income statement. The firm does not own the asset and, therefore, it does not sho...
Category: Updates
Does it hurt your credit to settle a debt for less?
Yes, settling a debt instead of paying the full amount can affect your credit scores. Settling an account instead of paying it in full is considered negat...
Why is the word moon capitalized?
When referring to “the Moon” – that is, our Moon, Luna, site of Neil Armstrong’s landing in 1969 – the word should be capitalized. When referring to any m...
When can I use my 401k funds after I retire?
age 59½ The age 59½ distribution rule says any 401k participant may begin to withdraw money from his or her plan after reaching the age of 59½ without hav...
Do property managers prepare leases?
Property management services include: Finding (and evicting) tenants. Managing bills. Prepare the property to be leased. What’s a good property management...
What does contingency agreement mean?
A contingency agreement is any contract that depends on one or more events that may or may not take place. If the specified events occur, the parties may ...
How much is a gold carat?
Gold Price per carat in US Dollar Today Current Price: $11.606 USD Today Low: $11.540 USD Today High: $11.665 USD How much is 18 karats worth? Today’s Gol...
What does it mean to be served legal papers?
“Service” of a document is the process of making sure that any person who is required to be given a copy of a legal document is given it in a way which co...
What happens to your taxes when you inherit a house?
The act of inheriting a property doesn’t trigger any automatic tax liability, but what you decide to do with the house — move in, rent it or sell it — wil...
Can gold be labeled 925?
To summarize: 925 gold is not solid gold, but is actually sterling silver with gold plating. If you’re specifically shopping for solid gold jewelry, a 925...
