business
Can a person be the executor of a deceased estate?
More often than not, a person is called upon to act as an executor once in their lifetime. It is a role with a high degree of responsibility attached to i...
Read Journal Category
Business
business
What are the 10 GAAS?
10 Generally Accepted Auditing Standards General Standards. Adequate technical training and proficiency. Independence in mental attitude. Standards of Fie...
Read Journal
business
How does interest work when selling a house?
When you sell your home, you use the proceeds from the sale to pay off your mortgage. If you don’t make enough from the sale of your home to pay off your ...
Read Journal
business
What credit card gives you the highest credit limit?
Currently, the Bank of America® Customized Cash Rewards Secured Credit Card offers the highest maximum credit limit, $4,900, although the limit can be as ...
Read Journal
business
How do you calculate balance in allowance for doubtful accounts at year end?
A company has found that, historically, 2% of their credited sales remain unpaid. Their total amount of accounts receivable is currently $50,000. They wil...
Read Journal
business
Can spouses split health insurance premium to claim tax benefit under section 80D?
As per section 80D, a taxpayer can avail tax deduction on premium paid towards medical insurance for self, spouse, dependent parents and dependent childre...
Read Journal
business
Can a 501c3 have a fiscal sponsor?
Technically, any 501(c)3 can be a fiscal sponsor. The National Council on Nonprofits recommends that you look for an organization with a mission that is s...
Read Journal
business
Is depreciation expense recorded each period?
Depreciation is recorded by debiting Depreciation Expense and crediting Accumulated Depreciation. This is recorded at the end of the period (usually, at t...
Read Journal
business
What caused a bubble in the stock market in the late 1990s?
The dot-com bubble (also known as the dot-com boom, the tech bubble, and the Internet bubble) was a stock market bubble caused by excessive speculation of...
Read Journal
business
Can a foreign company own property in the US?
Foreign Nationals are allowed to purchase and own real estate in the United States as can LLCs, corporations, and partnerships. How much US property is ow...
Read Journal