Bookkeeping

When a company announces a dividend, it also will announce the payment date on which the dividend will be paid into the shareholders' accounts. Dividend record date is the date that the company determines the ownership of stock with the shareholders’ record. The shareholders who own the stock on the record date will receive the dividend. The major factor to pay the dividend may be sufficient earnings;...

If you got the tax preparer’s name from the IRS, your state board of accountancy, a state CPA society, or the NAEA, their credentials are most likely legitimate. But if you obtained the name through a referral, it’s a good idea to find out whether the person really holds the certifications they claim to have. "A tax professional is there to help taxpayers easily navigate through the tax code," Nayo...

Closed-end indentures include collateral as well as provisions that ensure the collateral may only be assigned to one specific offering. In this case, what the Board of Pacific Ocean is asking for is the indenture of the bond issue. The contract in which both parties agree to certain conditions established for the bond. So, in order to continue with this transaction, the CEO of First Class should work...

Book value is a company’s net worth calculated by deducting liabilities and intangible assets from total assets. In contrast, market value is a company’s overall value based on the current share price and the total number of outstanding shares. While corporate debt holders and preferred shareholders are entitled to a fixed series of cash payments, the cash flow in excess of those amounts is...

Before delving into the strategies for increasing the accounts payable (AP) turnover ratio, let’s understand the reasons behind the need for such adjustments. If your business has cash availability or can make a draw on its line of credit financing at a reasonable interest rate, then taking advantage of early payment discounts makes a lot of sense. The DPO should reasonably relate to average credit...