Bookkeeping

While it has paid out $90,000 in dividends over two years, it has continued to build its retained earnings balance. Retained earnings (RE) are essentially the […]

This permanent account records the company’s long-term assets, such as buildings, machinery, and vehicles. Accounts receivable is another permanent account that records all the money that […]

A current liability Dividends Payable is created and the Retained Earnings (part of stockholders’ equity) will decrease. For the past 52 years, Harold Averkamp (CPA, MBA) […]

Does anyone know of a eastern tree, suitable for zone 6, that has an interesting winter silhouette? Also, if you I’d pick the American sycamore over […]

If the company’s income statement at the end of the year recognizes only salary payments that have been made, the accrued expenses from the employees’ services for December […]