Alternatively, another method to increase the BVPS is via share repurchases (i.e. buybacks) from existing shareholders. If relevant, the value of preferred equity claims should also be subtracted from the numerator, the book value of equity. Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After …
Collar color is a set of terms denoting groups of working individuals based on the colors of their collars worn at work. For the two terms of longest use, white-collar workers are named for the white-collared shirts that were fashionable among office workers in the early and mid-20th century. Blue-collar workers are referred to as […]
You may change methods as often as you like, as long as all benefits provided in a calendar year are treated as paid no later than December 31 of the calendar year. However, see Special accounting rule for fringe benefits provided during November and December, later. Generally, fringe benefits are includible in the wages of […]
Bad debt expense also helps companies identify which customers default on payments more often than others. After this double entry, the remaining balance in accounts receivable will be $90,000 ($100,000 – $10,000). From this amount, the company can calculate the allowance for bad debts, which will be $9,000 ($90,000 x 10%). If 6.67% sounds …
It may mean that the company isn’t as efficient as it needs to be when staying on top of collecting accounts receivable. However, the figure can also represent that the company offers more flexible payment terms when it comes to outstanding payments. Let’s say that Company ABC recorded a yearly accounts receivable balance of …
Even so, polling suggests a tight race for the state’s 15 electoral college votes. A Bloomberg/Morning Consult poll taken after Biden dropped out of the race gave Harris an 11-point advantage, although most polling this cycle has shown Democrats up by a scant two points. At this point four years ago, Biden was up more […]