Have a line of credit for a small business- have brought in the cash into the checking account and recorded the draw amount under liability on the balance sheet. Client wants the P & L to reflect a reduction in the expenses. I cannot figure out the other side of the equasion if I credit expenses...

I have an estate planning question. My aunt and mother are both listed on the deed for a single family house they inherited from their parents. Only the aunt lives in the residence, pays taxes and utilities, and maintains the property. When the property is sold, how should the proceeds be...

I am asked to find the net proceeds for a company. It has after tax earnings of 7.5 million and currently has 2.5 million shares owned by present stockholders. The plan is to issue 600,000 shares to the public at $20 per share with a 5% spread on the offering price. There is also a $200,000 out of...

My question involves my mother's recent death and the proceeds. Me and 2 other sisters paid her bills until probate was finished. We also sold her property and divided 3 ways but did not subtract the monies we each paid in for her bills. She also had a car that we sold for $5,000 and I actually...