Accounting Liabilities

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What Are Current Liabilities?

The laws regarding late payment and claims for unpaid accounts payable is related to the issue of accounts payable. An operating cycle for a firm is the average time that is required to go from cash to cash in producing revenues. Businesses are always ordering new products or paying vendors for services or merchandise. A company incurs ...

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What Are Accrued Expenses And When Are They Recorded?

Imagine you run a small business that sells jewelry from a storefront. You have a store manager who is paid $2,000 at the end of each month, a cleaning service that forgets to bill you but charges $200 per month, and a $150 electricity bill coming soon. Your jewelry maker shipped you an order valued at $1,000 but the invoice got lost in the ...

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Revolving Funds For Financing Water And Wastewater Projects

Following submittal of the ITA, a Water Infrastructure Financing Section project manager will follow-up with the community to set up a discussion. The first step in the process for SRF funding, both Clean Water and and Drinking Water SRF, is the submission of a Request for Inclusion form, which can be submitted any time during the year. ...

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The Difference Between Gross And Net Lease

Landlords factor in the costs that they are taking on under a gross lease into the cost of rent. There are advantages and disadvantages to this approach for each party. A triple net lease assigns sole responsibility to the tenant for all costs relating to the asset being leased, in addition to rent. The landlord includes the totals for ...

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Recording And Tracking Capital And Operating Leases

The life of the lease must be 75% or greater for the asset’s useful life. Adam Hayes is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New ...

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