Journal Entry for Repurchase of Common Stock and Retirement

Stock may be issued for assets other than cash, such as services rendered, land, equipment, vehicles, accounts receivable, and inventory. In this case, the value of either the stock or the asset must be known. The assumption is that both the asset and the stock have the same value. A stock split is much like […]

Decoding AIs Nudge: A Unified Framework to Predict Human Behavior in AI-Assisted Decision Making Proceedings of the AAAI Conference on Artificial Intelligence

The CEO leads by example, and to date, the company has a very good track record of investment performance and industry-changing moves. Few companies use the strategic tool kit—scenario planning, Monte Carlo simulation, and real options—for strategy development under uncertainty. Most have stuck with conventional techniques for strategy-making, to the detriment of customers, shareholders, […]

Evaluating Your Personal Financial Statement

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What Are Outsourced Accounting Services and Do I Need Them?

The balance sheet for accounts payable is a component of working capital (current assets minus current liabilities). In this article, we’ll explore exactly what accounts payable outsourcing is, the reasons for outsourcing, pros and cons, and how AP software may be a better choice. We are nearshore outsourcing pioneers, recognized annually on IAOP’s Outsourcing Global […]

Form 8949: How To Attach The Crypto Tax Form To A Tax Return

There are exceptions to the rule that you must report each of your transactions on a separate row of Part I or II. Any taxpayer who qualifies can use Exception 1 or Exception 2 below. Taxpayers who file Form 1120-S or Form 1065 and other qualified entities should see Special provision for certain corporations, partnerships, […]

Balancing Act: Understanding the Normal Balance of Inventory in Accounting

The balance sheet allows you to see not only the specific financial and economic situation at the reporting date, but also to analyze its changes in comparison with data for the past years. And taking into account long-term development plans, it makes it possible to make a forecast of the company’s activity and, accordingly, a […]

License Checklist: Every Permit You Need To Start a Food Truck

Transportation expenses between your last business contact and your home are also nondeductible commuting expenses. While you can’t deduct the costs of these trips, you can deduct the costs of going from one client or customer to another. The 50% limit also applies to certain meal expenses that aren’t business related. It applies to meal […]

Journal Entry for Cash Shortage Overage

Content Step 3: Create a shortage or overage account in QuickBooks Desktop Cash shortage in replenishment of petty cash Overview of Cash Short And Over Account The rules of business Cash over and short journal entry How to Account for Credit Card Sales How to Determine Net Income or Net Loss After Adjusting Entries How […]

How do I calculate the amount of sales tax that is included in total receipts?

Content How to Calculate Sales Tax Backwards From Total Calculating sales tax: It takes more than just numbers How to calculate sales tax What is sales tax? Figuring Sales Tax For more detail including local tax rates or type of purchase see Wikipedia Tax Tables by State. Calculating the sales tax backward isn’t always easy, […]