opinion
Is EBITDA the same as gross revenue?
Gross profit appears on a company’s income statement and is the profit a company makes after subtracting the costs associated with making its products or ...
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Opinion
opinion
Is a commitment fee an interest expense?
In both cases, the IRS concluded that the commitment fees were deductible under Sec. 162 as business expenses rather than under Sec. 163 as interest. Anot...
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opinion
Which accounting standard is for depreciation?
IAS 16 defines depreciation as ‘the systematic allocation of the depreciable amount of an asset over its useful life’. The ‘depreciable amount’ is the cos...
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opinion
Who is the highest-paid CEO in the world?
Here’s what the New York Times report found about 10 highest paid CEOs 2020: Rank Name of CEO Total 1. Chad Richison $211.13 million 2. Amir Dan Rubin $19...
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opinion
Do hotels have high profit margin?
The average operating margin for 12 hotel chains under its ambit rose by 200 basis points to 25.9%—the highest in six years. A basis point is 0.01%. That ...
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opinion
What is the difference between straight line depreciation and reducing balance?
The main difference between the reducing balance and straight-line methods of depreciation is that while the reducing balance method charges depreciation ...
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opinion
How do I set up a trust for my assets?
How to Create a Living Trust in California Pick a type of living trust. If you’re married, you’ll first need to decide whether you want a single or joint ...
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opinion
What is the role of the external auditor?
An external auditor reviews the financial information of a company and reports on findings. The external auditor is responsible for investigating financia...
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opinion
Which is the more accurate method of allocating overhead?
An activity-based costing system is considered more complex than using a single plantwide rate to allocate overhead, but an ABC system is also considere...
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opinion
Is goodwill a debit or credit balance?
To credit their capital accounts, we introduce the goodwill in to the accounts using the original profit share ratio. So, remember Matt and Ben used to sp...
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