After the second contestant won his or her way on stage, the car was shown. Barker asked each one to give him a bid on the price of the car after giving a price range of $500. He then told the opponent whether the price was higher or lower than the bid, and the two…
Understanding Unearned Revenue Accrued revenue and unearned revenue, two types of capital common on company ledgers, count amongst these many revenue streams. Stark contrasts exist between these types of capital; enough so that in a very basic way accrued revenue constitutes the opposite of unearned revenue. Recording Unearned Revenue As a result of this prepayment,…
Boundless Accounting At that time, stop recording any depreciation expense, since the cost of the asset has now been reduced to zero. Depreciation is the gradual charging to expense of an asset’s cost over its expected useful life. A usage-based depreciation method is designed to have a variable periodic depreciation expense that is based on…
I was hoping there would be some kind of training program (with or without a credential) that would give me the training I need for freelancing. It is a cloud-based accounting https://accountingcoaching.online/ software that has been giving QuickBooks Online a run for its money for the last few years. To achieve certification, you must complete…
Business Plan If current liabilities exceed current assets (the current ratio is below 1), then the company may have problems meeting its short-term obligations. If the current ratio is too high, then the company may not be efficiently using its current assets or its short-term financing facilities. In such a situation, firms should consider investing…
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