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My question is around the proper handling of lease termination payments. In this scenario- The lease term is extended for …
At the moment, I am kind of stuck with how to deal with consolidated cash flow statement. Before the way I did was as below, because all the subs are in the s…
I am a bookkeeper who recently took on a client that is separating an LLC into three. They were: Master LLC with a dba of XYZ They are now: Master LLC owns - XYZ LLC 100%; A split off s…
Our customer is paying partially for an asset we will own. Should I record the value of the asset net of his participation? If not, is this participation considered revenue or other income?
We recently had a judgment made in our favor against a former employee who committed fraud. When we receive payments from this employee, what should the journal entry be? We also received a house …
The company that I work for was just acquired by a private equity firm. The company has a cash basis accounting. We now need to audit our opening balances (post-acquisition). &nbs…
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