Back in 2000 and 2001, I had short term capital losses that exceeded the 3000 dollar limit. Each year, I've been able to deduct 3000 dollars since my short term gains have been minimal. I still haven't used up all my 2000 and 2001 short term losses. I had some long term gains in 2000, but...

How do I properly account for Long Term and Short Term Capital Gains from investments (stocks and bonds)? I am unsure of which account to use and the proper treatment on the financial statements. We (the Company) have not been involved in investing much until this year. Feel free to assume I know...

I have been asked to change the aging category of a large account from over 120 days to current and to prepare a new invoice with a revised date, to change the allowance for uncollectable accounts from 180000 to 135000. I did ask why we would do that and I was told we need the extra income. Can...

:confused: :confused: Ethical issue: the tobacco companies have paid billions because of smoking related illness. In particular, phillip morris, a leading cigarette maufacturer paid over 3 billion dollars in one year 1) Suppose you are the CFO (Chief Financial officer) responcible for the...

Is short-term or long-term debt more stressful to your personal finances? Why?