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The accounting method that records transactions as they occur is called?
accrual
Why would one need a deferred tax liability?
Deferred tax liability is necessary when a company's balance sheets fail to reflect what they are claiming on their tax returns. This can occur, for example, in cases of deferred payments from customers.
What is a series of equal annual cash flows considered?
A series of equal annual cash flows is considered an annuity. An annuity represents a sequence of payments or receipts that occur at regular intervals over a specified period. Common examples include retirement payouts, loan repayments, and lease payments. The total value of an annuity can be calculated using various financial formulas, taking into account the interest rate and duration.
What does the accounting term buy in payment mean?
Buy-in payments occur in a Cost Contribution Arrangement (i.e., a framework agreed by several enterprises to share the costs and risks of certain "activities", such as R&D, manufacturing, etcetera, as well as to determine the nature and extent of the interest of each CCA participant as the result of the activities) Buy-in payments are made by new 'participants' in an already existing CCA with the aim of obtaining an interest in any results of prior CCA activities.
How often account payable prepare cheques?
Accounts payable typically prepare cheques on a regular schedule, which can vary depending on the organization's payment policies and cash flow. This may occur weekly, bi-weekly, or monthly, aligned with the due dates of invoices and payment terms negotiated with vendors. Additionally, ad hoc payments may be processed as needed for urgent or priority invoices. Regular cheque preparation helps maintain good vendor relationships and ensures timely payments.
What is an annuity stream called where the payments occur forever is called?
It's called a "Perpetual attribution"
What is the name of the region in the central US where tornadoes frequently occur?
The region is commonly called Tornado Alley.
Where in the united states do tornadoes most frequently occur?
Tornado in the U.S. most frequently occur on the Great Plains.
When do auroras occur most frequently?
Auroras occur most frequently during the mostintense phase of the 11-year sunspot cycle.
What is the difference in frequency between monthly and semi-annual CD coupon payments?
The difference in frequency between monthly and semi-annual CD coupon payments is that monthly payments occur once a month, while semi-annual payments occur twice a year.
Which type of tornado most frequently occurs?
supercell tornados occur most frequently
Does mitosis or meiosis occur more frequently in your body?
mitosis occurs more frequently then meiosis
Why does rainfall not occur in deserts?
Rain does occur in deserts but not as frequently as in non-desert areas.
When do tornadoes occur most frequently?
when there is a severe thunderstorm
How frequently does the earthquake occur?
one time a year
What type of forests do conifers mostly grow in?
They are most common in what are called "Northern coniferous forests", but occur very frequently with mixed hardwoods, too.
Do spring floods occur frequently on rivers in the Midwest?
Yes
