education
Are treasury shares included in market cap?
The amount of treasury stock doesn’t matter. The market cap is the equity value of the company. How do you record treasury stock on a balance sheet? Under...
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education
What are the advantages of tall organizational structure?
The pros of tall structures lie in clarity and managerial control. The narrow span of control allows for close supervision of employees. Tall structures p...
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What does deferred gain mean in accounting?
In a tax-deferred exchange, the deferred gain is the amount of gain that escapes current taxation and is deferred until a later date. Basically, it is a p...
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education
What does an analysis of variance tell you?
ANOVA stands for Analysis of Variance. It’s a statistical test that was developed by Ronald Fisher in 1918 and has been in use ever since. Put simply, ANO...
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What is the normal balance of a sales account?
Their balances will increase with a debit entry, and will decrease with a credit entry. Liabilities, revenues and sales, gains, and owner equity and stock...
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How do you record the sale of equipment?
Entries To Record a Sale of Equipment Credit the account Equipment (to remove the equipment’s cost) Debit Accumulated Depreciation (to remove the equipmen...
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Is a rent deposit a financial asset?
A refundable security deposit given by an entity represents its contractual right to receive cash from the holder of the deposit, and hence it falls under...
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education
What is extrapolation in sales forecasting?
Extrapolation. Extrapolative Forecasting – a method of prediction which assumes that the patterns that existed in the past will continue on into the futur...
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education
What is a collection of spreadsheets called?
Each page is called a worksheet, and a collection of one or more worksheets is called a workbook (which is also sometimes called a spreadsheet file). … Wh...
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education
What is the review of financial records and statements to make sure the information is accurate as reported?
What is an independent audit? Auditors review and evaluate the standards used to prepare a company’s financial statements. An independent audit is conduct...
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