Journal Entry Sequences for Stock Dividends Format, Example

After your date or record, your liabilities will increase and your retained earnings will decrease. Then after the payment, both your cash account and your liability will be reduced. To demonstrate the journal entries required when a cash dividend is declared and paid, let’s return to the above example. The amount and regularity of cash...

Read More

Accounting and Finance MCQ Quiz With Answers Test 1

For instance, I recently asked a question about a Python test I intended to implement. The articles and research support materials available on this site are educational and are not intended to be investment or tax advice. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly....

Read More

#1 Employee Fringe Benefits & Lifestyle Benefits Platform

There’s no “typical” fringe rate, as it varies depending on the company, industry, and your situation. The best way to find out is to ask your employer or look at their benefits package information. With simple cafeteria plans, you do not need to worry about the plan favoring IRS highly compensated employees or key employees....

Read More

Average Cost Method Formula + Calculator

Average costing does not work well when the units in a batch are not identical, and therefore cannot be treated in an identical manner for costing purposes. It also does not work when inventory items are unique and/or expensive; in these situations, it is more accurate to track costs on a per-unit basis. Instead, being...

Read More