The interest payment of the bond is constant at $80 over the 10 periods, as the coupon rate and the face value of the bond are fixed. The amortization of the bond is the difference between the interest expense and the interest payment, which increases from $7.71 to $20 over the 10 periods. Remember, bond … Read more
In all, 17 bulletins were issued; however, the lack of binding authority over AICPA’s membership reduced the influence of, and compliance with the content of the bulletins. The Accounting Research Bulletins have all been superseded by the Accounting Standards Codification (ASC). These pronouncements were issued by the Committee on Accounting Procedures of the American Institute … Read more
We do not include the universe of companies or financial offers that may be available to you. After you’ve printed your check, it’s ready to be signed and used just like any other check. Make sure to keep a record of the check number and amount for your financial records. Small businesses that often issue … Read more
Accounting Overview, Principles, Examples, Importance, & Facts For a breakdown on the differences between an accountant and a CPA, check out “Is a CPA the Same as an Accountant? Inaccurate reporting can also result in legal problems with external parties, such as investors or the IRS (Internal Revenue Service). For years, there has been a … Read more
It can save you money and fill your time while you wait for business to pick up. Armed with that information, you can calculate the most important indicators of your restaurant’s financial health. Calculating restaurant payroll can be a hassle with irregular work hours, multi-positions, and different types of pay, calculating restaurant payroll can be … Read more
As soon as you know you’re about to get a bonus or windfall, consider booking a meeting with a tax advisor to explore ways to reduce the taxes you’ll owe on it. When an employer pays its taxes, it will often report the bonus in Box 1 for your W2. This bonus will be combined … Read more