by admin | Sep 25, 2024 | Bookkeeping
So a stock split is going to increase the number of common shares and decrease the par value per share. For small stock dividends, retained earnings are debited at the market value of the shares being issued, with credits to both the common stock and APIC accounts....
by admin | Aug 27, 2024 | Bookkeeping
This non-profit, public-private partnership is dedicated to helping millions of people prepare and file their federal taxes online for free. In March 2024, legislation was enacted reducing Utah’s individual and corporate income tax rates from 4.65 to 4.55 percent,...
by admin | Jul 10, 2024 | Bookkeeping
Obsolete inventory, which can no longer be sold due to lack of demand or relevance in the market, can significantly drain resources. It is not a good idea to have too little inventory as it may result in stockouts and missed revenues. Here, the Average Inventory is...
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