por webmaster | Oct 18, 2022 | Bookkeeping
The stockholder equity section of ABC’s balance sheet shows retained earnings of $4 million. When the cash dividend is declared, $1.5 million is deducted from the retained earnings section and added to the dividends payable sub-account of the liabilities section. The...
por webmaster | Jun 6, 2022 | Bookkeeping
For simplicity, we still stick to using this method in the example.Imagine that for our example $200,000 bond issue, the bond makes a coupon payment twice per year, or every six months. This means that we will make two entries per year that record interest expense....
por webmaster | Jul 9, 2021 | Bookkeeping
Second, you’ll need to understand how the cash surrender value is calculated and what factors can affect it. Lastly, you’ll need to make sure you’re meeting all of the eligibility requirements to increase your cash surrender value. A policy acquires surrender value...
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