Bookkeeping

Statement of Retained Earnings: A Complete Guide Bench Accounting

Content Format of the statement of retained earnings How to Prepare a Statement of Retained Earnings: Step-by-Step Guide Income statement How Do You Prepare Retained Earnings Statement? What Is the Difference Between Retained Earnings and Dividends? Step 4: Subtract dividends Retained earnings, because they are calculated using the shareholder’s equity number from your balance sheet, […]

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36 Business Expense Categories for Small Businesses and Startups

Content What Else Can I Deduct as a Business Expense? Need help with your taxes? Final words on small business tax deductions Careers Finally, using a provision of the tax law called the “de minimis safe harbor,” a business may deduct in a single year any tangible personal property that costs $2,500 or less, as […]

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Level 3 Fair Value Disclosure Requirement ASU 2018-13 Nonpublic Entities Valuation

Content Resources From the FASB and IASB: EFRAG survey on IASB’s project on disclosure requirements in IFRSs Career Guidance Fair Value Measurement and Application—Project Plan Assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (level Management’s assumptions are reasonable and reflect, or are not inconsistent with, market information (see […]

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Bonds & Notes Payable Accounting: Entries & Financial Disclosures

Content Best Internal Source of Fund That Company Could Benefit From (Example and Explanation) Subpart 28.1 – Bonds and Other Financial Protections Definition of Bonds Payable Bonds Sold at a Discount – Journal Entries What you will learn to do: demonstrate an understanding of bonds payable Amortizing Over the Lifetime of a Bond 101 Bid […]

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business, business success 50 Ways to Save Money in Your Business

Content What Are the 3 Types of Cash Flow? How To Reduce AWS Costs: Use AWS Tools to Monitor and Control Expenditures 1305 HUBZone set-aside procedures. 808 Contract negotiation. 102 Small business size standards and North American Industry Classification System codes. About Us – Office to Monitor and Combat Trafficking in Persons Ways Employers Can […]

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