Date : July 17, 2023

What is a liquidity ratio?

Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew […]

Date : May 2, 2023

Expenses Definition, Types, and Practical Examples

Under US GAAP, research and development costs are recorded as an expense in the accounting period in which they are incurred. The cost of a long term asset, such as a building, is not expensed entirely in a single accounting period. Instead, its cost is spread over its useful life in the form of depreciation. […]

Date : December 12, 2022

Solved: How do I record a sale of an asset?

Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on Obotu has 2+years of professional experience in the business and finance sector. Her expertise lies in marketing, economics, finance, biology, and literature. She enjoys writing […]

Date : July 14, 2022

Your guide to accounting for manufacturing businesses

Computer equipment used in collateral or administrative functions (such as computer equipment linked to production equipment that merely functions to collect data for administrative use) does not qualify for the exemption. 1 The Tax Department’s previous guidance on qualified New York manufacturers includes N.Y. And Fin., TSB-M-19(5)C, 6(I) (October 18, 2019), TSB-M-16(2)C (May 24, 2016), […]