To put it simply, accumulated depreciation represents the overall amount of depreciation for a company’s assets, while depreciation expense refers to the amount that has been […]
The corporation’s balance sheet shows total assets of $2,400,000 and total liabilities of $600,000. Most of the liabilities relate to debt that carries a covenant requiring […]
In an FOB Shipping Point agreement, the transfer of ownership happens the moment the goods are loaded onto the transportation vehicle at the seller’s location. Once […]
The third part of the accounting equation is shareholder equity. The revenue a company shareholder can claim after debts have been paid is Shareholder Equity. The […]