0
Usually, yes: very.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Does accounting and legal fees belong to administrative expense?
I was taught to put them there, but check with a CPA to be sure.
When a company successfully defends the patent in extended litigation - what is the proper way to account for the cost?
It is considered an expense on the Income Statement, which should be allocated to "Professional Fees" or "Accounting and Legal Fees"
Unused fees on credit line should be operating expenses or interest expense?
Interest Expense
Fees earned but not yet received?
fees earned but not yet received is what account
Show me How do you prepare an income statement?
fees earned-950,000 office expense -222,000 miscellaneous expense-16,000 wage expense-478,000
Is a legal expense considered a prepaid expense?
If legal expense paid in advance of rendering services then it is prepaid expense otherwise not. Also this company provides all the necesary steps. tarifcheck365.com
Are commitment fees on unused revolving credit line classified as interest expense or other expense?
interest expense - see nutrisystem, kona grill, franklin covey 10K's as examples
Does bail qualify as a legal expense?
yes
How To Understand A Mutual Fund’s Expense Ratio?
When investing in mutual funds, you'll undoubtedly hear a lot about a fund's expense ratio. Everybody will tell you that you should look for a fund with a low expense ratio but not all expense ratios are created equal. There are several components that go into the fund's final expense ratio and some of them may affect you differently. The largest component of an expense ratio is the fee that's paid to the fund's managers. They're managing your money for you and they need to be paid for it. Even with an index fund there is periodic portfolio rebalancing and managing the fund's cash position that requires a fee. In addition, the expense ratio may include an additional fee that covers things such as recordkeeping, account maintenance and legal fees incurred by the fund. Although typically a much smaller percentage than the core management fee, this fee should be broken down in the fund's prospectus as well. Finally, you may see mention of a 12b-1 fee. This is a marketing expense a fund can assess for promotion and advertisement and can be charged back to the fund's shareholders. These three pieces together typically comprise a fund's complete expense ratio. It's worth noting the additional fees that typically do not fall under a fund's expense ratio. Account maintenance fees – annual fees typically charged to lower balance accounts – fall outside of the expense ratio. Sales loads – a percentage that a broker typically charges you to buy or sell mutual fund shares – come in addition to the fund's expense ratio. Trading fees such as early redemption fees don't count in the fund's expense ratio either. While a fund's expense ratio will in most cases comprise the biggest portion of expense you'll pay, the bottom line is that you have to understand all potential fees and charges that go into mutual fund ownership. Keep aiming for funds with low overall fees and expenses and you'll end up with more money in your pocket.
How do you get your legal fees reinburse to you?
reimbursed
Which type of expense is a bank charge for credit card fees Administrative or General?
Sales
Is acupuncture fees a deductible medical expense?
Yes, to the degree your medical expenses are deductible
