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What transaction would cause a decrease in a liability and a increase in a liability?
Answer:This would be where one type of liability is exchanged for another liability. ExampleThe firm has accounts payable that are due. Since they are short of cash, the firm agrees with one supplier that the firm receives an extention of 2 months, with 5% annual interest.The invoice now needs to be categorized as a note payable. As a result accounts payable is reduced and notes payable increase.
How long will I have to go to school to becoma a CPA?
Usually it requires a general four year degree plus at least 2 years as an understudy at an accounting firm. The test that one needs to take is not easy, and requires a lot of study. You will have to obtain your bachelors degree and then you can apply at an accounting firm as an understudy before taking the CPA exam.
How can one find a trustworthy firm of business accountants in America?
The best place to find a trustworthy firm of business accountants in America is to go to the Forbes website. There one will find the 100 most trusted companies.
Does An increase in a firm's average collection period generally indicates that an increased number of customers are taking advantage of the cash discount?
An increase in a firm's average collection period typically suggests that customers are taking longer to pay their invoices, which may indicate weaker credit management or a slowdown in collections rather than an increase in the utilization of cash discounts. If more customers were taking advantage of cash discounts, one would expect to see a decrease in the average collection period as payments are made more promptly. Therefore, an increase in the average collection period does not generally correlate with more customers benefiting from cash discounts.
How much money does a tax attorney make?
It depends on the size of the firm one works at.
Can anyone start a private investigator firm?
Yes, anyone start a private investigator firm. You can read about how to start a firm at answers.google.com/answers/threadview/id/529001.html If your an actual private detective you can. In order to become one you need to enroll in a detective school first.
One problem that can result from taking cannabis?
There aren't any.
What are the benefits of using an accounting firm as opposed to a personal accountant?
The benefit of using an accounting firm is that they are able to provide services for more than one company. A private accountant is limited to helping one company and may be less available.
Private Equity?
With the presidential race heating up in the U.S. and the background of one of the candidates in the private equity sector, I thought it might be a good idea to talk about private equity firms and what type of work they do. I promise, no partisanship or politics; nothing but straight-up finance goodness for you. Mitt Romney was one of the founders of a private equity firm called Bain Capital. So exactly what does a private equity firm do? Essentially private equity firms invest in private firms. They take an equity stake in the firm, just as you would do if you bought some stock in a publically traded corporation. The difference is that the companies that the private equity firm is dealing with are not publically traded. They can be family businesses or long-term privately held firms. One thing that is often the case with firms that become part of a private equity dealing is that they have come upon some rough times. Though it’s not always the case, often private equity firms will seek to make an investment in a distressed company and help it turn around. When a private equity firm takes a stake in a private company it usually places some of its own people on the board or in other leadership roles. They then focus on turning a profit, which benefits the company, its original owners, and the new stakeholders; the private equity firm. One mistake that some people make is to confuse private equity firms with venture capital firms. There is a difference; though some firms might dabble a little in both, usually PE and VC firms play to their strengths. Both private equity and venture capital firms take an equity stake in a privately-held firm and both seek to turn a profit through their involvement, there is a key difference; private equity firms typically deal with established companies and venture capital firms deal with start-ups.
What is the benefit of buying a firm mattress?
For some people a firm mattress can result in better sleep and no more back pains, but that really depends on you. You can find one at a reasonable price at Sleepy's
Firm A one firm in a competitive industry faces higher costs of production As a result conusmers end up paying higher prices Discuss?
If a firm is having higher costs than another in the same industry, they will pass the costs to the consumer. That has to happen if the firm is supposed to make any profits.
Can a private limited company allot shares to a partnership firm?
No. As a Partnership Firm is not a legal entity it can't hold the shares in its own name. However, the partners may jointly hold the shares on behalf of the Firm or all the partners may give authority to one of them to hold the shares on behalf of the Firm. (Above view is as per Indian Context)
What is the value of one share of United Road Service Inc?
Apparently this company is wholly-owned by a private investment firm and is not listed on any stock exchange.
How many people are still being prosecuted for taking part in the Rwanda Genocide?
The Rwanda Genocide was one of the most disturbing events in the history of Africa. As a result hundreds of people were prosecuted for taking part in it. There is currently no one still being prosecuted as a result of this event.
Is neck stiffness a result of taking Biaxin?
Neck stiffness is not one of the side effects of taking Biaxin. It is most likely being caused by something else.
Joining of one firm with another to form a single firm?
merger
What is optimum firm?
An optimum firm s one that has favorable working conditions. This is a firm that has created a conducive work environment.
