Bookkeeping

What are Bonds Payable? Are they Current or Non-current liabilities?

If the SOFR increases, then the interest rate or cost of borrowing also increases. Study the following illustration, and observe that the Premium on Bonds Payable is established at $8,530, then reduced by $853 every interest date, bringing the final balance to zero at maturity. Get instant access to video lessons taught by experienced investment …

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Accounting for Agriculture: Challenges and Benefits

However, when a farmer sells an item under a deferred payment contract that calls for payment the following year, there is no constructive receipt in the year of sale. Many students come to Fox Valley Tech with credits they’ve already earned, either while in high school or at other colleges and universities. It’s also possible …

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Cash coverage ratio

There is no standard or acceptable amount of operating cash flow since it can vary by business; however, its value should exceed the average current liabilities balance. For example, during the recession of 2008, car sales dropped substantially, hurting the auto manufacturing industry. A workers’ strike is another example of an unexpected event that may …

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How to Record Cash Discount Example

Trade discount is not shown in the main financial statements, however cash discount and other types of discounts are shown in books of accounts. Crediting discount received has the effect of reducing gross purchases by the amount of cash discount received. Consequently, payables are debited to reduce their balance to the https://www.bookstime.com/ amount that is expected …

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ELT Concourse: adverbials: adjuncts, subjuncts, disjuncts and conjuncts

It is quite commonly assumed that adverbs are the most important class of adverbials and should be taught that way. Adverbs and adverb phrases, such as slowly or exceptionally quickly, only constitute around one fifth of adverbials. By far the most frequent realisation of adverbials in English, over half, is via a prepositional phrase such …

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