Search:

iTunes does not allow copy music from iPhone to HDD. Is there anyone know any other way to do this. Thanks!

List the steps or items to get to the COGS then work backward.

Me too, just really don't know what to answer...

It's a noncash item occurred through operation. Therefore add it back under operation.

Normally, assets, exxpense and dividends are on debit side ( to increase) and the rests are on the credit side(liabilities, shareholders' equity ( Commonshare, prefershare, contribution surplus)...

it depends you want to calculate the depreciation for how many months or years.
For one year, the depreciation expense will be (your asset origianal cost - residual value) / useful life. For month,...

Predy, we can't just say it's in the current liability because in case you have an unearned lease revenue for, let say 10-15 years. Just the current portion will be considered as current and the rest...

As an error and should be corrected on the balance per book side. Add back the difference ($630) to your cash balance.

Ssued shares: is the number of shares that have been sold to an outside party at any point in the past. These shares may currently be held either by others or by the company itself as treasury...

"In the case of a stock split you need to increase all types of shares by the factor of the split. Assume 2 for 1 split, 1000 authorized, 700 issued and 650 outstanding. After the split you now have...

Actually, this pre-determined rate is based on the experienced that the company has in the past.

At the redemption of stock, (this means buy back the share from your shareholders and cancel them or keep them as treasure bill ) you have to re-calculate the average price per share to compare with...

Where do we usually see this account in the financial statements? Is this liability or asset or we just disclose it within a notes.
Basically, how does it work for a company.
Usually, we don't just...

Well, actually I'm learning how to calculate the weighted average number of outstanding share to calculate the EPS and diluted EPS also.
However, the weighted average number of outstanding share I...

Can any one explain to me the difference of these kind of share.
Can the number of weighted average shares be bigger the number of authorized shares?
Are the weighted average shares outstanding...

A company intends to make a bond placement to raise XYZ amount of money. Bonds will mature in 5 years and will bear a coupon rate of 10%. Coupon will be pay semi-annuallu. At the same time, the...

I use the financial calculator, BAII Plus, Texas Instrument:
PV: -560,000
FV:0
Pmt: -16,800
I/Y:6
CPT --- N = 18.85

Yes, exactly! It's like QuickBook but I don't have any sources to practice.

Hi Codyman.. can you provide further information about CPA.

And that's what my textbook says also, the only one has to count the income tax expense is corporations.

Does anyone have any problems to practice with simply accounting?Or any scenarios? Thanks in advance!

I think I do need an explanation for APIC. ACtually, I'm doing bonds convertible and bonds with warrant. We use this account but I really have no idea about this account. And then when we convert the...

Can anybody explain me what is this account? How does it affect a financial status of a business? I've read the definition on investopidia, so please don't just give me a definition.

Building depreciation is calculated at 5% per year
With this information, we can assume they use the straight-line method. What you can do with this is that multiply the cost of your buliding by 5%...

Well, it makes senses now. Thanks a lot! But I still don't understand why your Capital does not decrease while it has to, for you draw money and we consider drawings is a dividends account. Or what...

Sorry acctgwizaard, I don't think it's the carrying value. It just a cash payment and we'll pay the same amount every time we have to pay interest. The interest expense will be less than the cash...

In addition, pay attention to the salvage value for using straight line and number of activities method, you need to subtract it from the original cost while with the double declining, you don't.

Nope, I think the J/E will be as followed:
Dr: Cash... 70,000
Cr: Common share... 70,000
You only calculate the difference when you buy back the shares. Which means you have to calculate the...

I did not read your question carefully. You ased for the declaration and the payment J/E
Declaration:
DR: Dividends... 15,000
Cr:Account payable... 15,000
The day you made the payment to...

I did not read your question carefully. You ased for the declaration and the payment J/E
Declaration:
DR: Dividends... 15,000
Cr:Account payable... 15,000
The day you made the payment to...

If you are the one who pays, you should credit your cash account and a debit to your dividends with the same amountyou pay out.
DR Dividends... 15,000
Cr Cash... 15,000
Notes: This...

Can anyone explain what does this account do?

Sorry, I still don't get your point.
Long story short, can you explain to me why I should debit drawings while credit capital?

Please, have a look at this.

5-A $1,500 cash drawing by the owner was debited to Wanda Landowska, Capital, and
credited to Cash.
This transaction has been made before we hade the unbalanced...

You reduce cash. But what I've learned was that we don't touch cash when we do the adjusting entries. For every businiess, the owner just draws money for personal purposes and simply credit cash and...

I've got the answer for this one but I don't know why they debited Capital. ACtually, Drawings is considered as Dividends account, this must bring your capital down. Why you add it back to Capital?

I just wonder what happened to the drawing and Capital? Howcan you get 21,350. I got 24,350.