Loss Contingency: Accounting, GAAP, Examples
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The company would record this warranty liability of $120 ($1,200 × 10%) to Warranty Liability…
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The question to be resolved is what kind of treatment should be provided if the…
Continue ReadingHow to calculate retained earnings formula + examples
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Retained earnings are a critical part of your accounting cycle that helps any small business…
Continue ReadingAuto Deals and Incentives: What to Know
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In short, don’t get caught up with the in-your-face low payment; always read the fine…
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