To change your DBA name you would typically file for a “termination or abandonment” of DBA for the old name first. From there, you will have to file for a new DBA with the new business name. Check with your state or locality for the...
A demand deposit account subject to withdrawal of funds by check. The balance on a credit obligation that a lender no longer expects to be repaid and writes off as a bad debt. A bankrupt person, firm, or corporation has insufficient assets to cover their...
See Table 3 for interest expense and carrying value calculations over the life of the bond using the straight‐line method of amortization . The stated interest rate is also known as the coupon interest rate and the face interest rate. Sinking funds help attract investors...
Initially it is the difference between the cash received and the maturity value of the bond. Premium on bonds payable is a contra account to bonds payable that increases its value and is added to bonds payable in the long‐term liability section of the balance...
There are four main types of inventory that include raw materials, work in progress, finished goods and MRO (maintenance, repair and operations) inventory. Inventory movement affects your company in multiple ways -- impacting cash flow, cost of goods sold, and even profit -- which is...