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What type of pecuniary liability when dealing with erroneous payments?
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Journal Entry for callable bond?
Check out www.bondterrier.com which is an interactive learning tool dealing with Accounting for the Life-Cycle Events of Bond Liabilities that are (a) Convertible into Common Equity at the Holder's Option and (b) Callable at the Issuer's Option. Journal entries are provided for Issuance; Interest Payments; Discount/Premium Amortization; Conversion; Call; Maturity.
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The best place for you to get help dealing with the IRS would be calling them directly or mailing them a letter to their corresponding address. Or the other alternative would be to email them.
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The owner has unlimited liability but collects all the profits from a business?
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