We will assume that as of December 3 the equipment has not been placed into service. Therefore, there is no expense (or revenue) to be reported on the income statement for the period of December 1-3. The totals tell us that the corporation has assets of $9,900 and the source of those assets is the [...]
It is important to combine one or more of the above methods to establish the most accurate support and resistance levels. We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. How this indicator works It’s especially [...]
An entry will then be created on the books to move this amount from current assets to the expense side. The leftover ($16,000 in this case) will be counted as prepaid insurance for the insurer. Naturally, the leftover will still be counted as an asset on the balance sheet, with the understanding that the full [...]
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