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Income Statement HELP!?

I assume the R&D are expensed off. Actually, I would have a separate line in the income statement called Research & development expenses. But if you're not allowed to do that, the next...

Can someone help me with my college accounting class?

You need to include the commission when calculating loss. So your basis (the cost of the shares you bought) = shares times price + commission and your proceeds (amount you got from sale) = shares ...

Do I need the CPA exam?

You don't HAVE to have the CPA designation to work in accounting. There are plenty of people that never get it. However, if you want to advance in your career, getting the CPA would be a wis...

How to Journalize a Common Stock Accounting Entry?

When the purchase was made, the journal entry would have been: dr marketable securities 9,250.00 (purchase 1000 shares of common stock) cr cash 9,250.00 Terms of sale: (14.75 )(500) = 7,375....

Can anyone help me with this accounting question for a interview problem?

High-risk companies: Usually don't and reinvest the money back into the company. Companies experiencing temporary decline in profits: For publicly traded companies if they are already givi...

Can someone explain IRA's and Mutual Funds?

I written a blog about this at ...

What do you think of Investors Group mutual funds and money market accounts?

Investors Canadian Money Market ...

Will passing a CFA exam help get me a job?

I was awarded my CFA charter in 2001 and the reason I pursued the CFA(r) designation was because I wanted to enter the asset management industry. The short answer is passing Level 1 of the CFA(r...

Has anyone had trouble with Billy Briggs, Cyber Junky, Inc. or synergy investments?

I tried to take advantage of his 60 day money-back guarantee. Impossible to get hold of him. I was stuck.

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Are there really political refugees from zimbabwe now in the US that have million dollar accounts?

no it's a scam of course a classic play on the Nigeria 411 scam, ( or was it 414 scam.. ? ) either way it's a scam and they are phishing for newbie who believe that there are free thi...

What do I need to do my taxes online?

Investing in a mutual fund is not a tax event, only when you either sell your investment, or you receive earnings from the investment such as dividends. There is no tax reporting for a Roth IRA ...

RRSP, GIC or Savings Acount?

In Ontario---- RRSP--Best investment of the 3, you don't pay income tax on the interest unless you take them out before age 65, GIC you pay tax on the interest when they mature i.e. a 5 yr. GI...

Given good investments, how long should it take to double my savings?

With an interest rate of 7% it's 10 years....the formula is called the 72 law...and it says divide the interest rate into 72 to find how many years it will take to double your money. So if yo...

How should I allocate my retirment investments?

Put at least enough into the 401(k)s to get the maximum company match. Next, "max out" Roth IRAs (assuming your income so permits). After that, go back to the 401(k) and contribute up t...

Forclosure Can they take my investments?

why aren't you using that to pay your mortgage instead of ruining your credit for years

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Accounting Problems!!??Help!?

Technically, it should be reported as "Customer deposits payable." I think the answer the question is looking for is "restricted cash or investments," but that wouldn't be ...

Accounting quick ratio analysis.. plz help :D ?

It means the company's ability to meet day-to-day operating expenses and satisfy short term obligation as day become due has decreased. The higher the quick ratio, the better it is. However...

I am 70 and still working. I have $200k retirement accounts 90% of that is fixed income how to fight inflation

you need to make sure you return is at least 7% or 4.5% on tax free returns also keep working not for the money but for health reasons cut down on your bills or money going out and serve o...

Why are CDs and money market accounts so useless?

Its terrible, and then they go ahead and lend our money to others at 19-25% on credit cards, etc... What i can tell you is, a 5% CD is not bad to keep your emergency cash stash... lets say your ...

On a balance sheet,the accounts of notes payable,salaries payable,taxes payable would fall under the category?

The first answerer who responded A is correct. Current liabilities refer to those that are due within 1 year. Obviously salaries and taxes payable will be paid within the year. Also, the term "...

Has anyone had a problem with Wachovia Investments?

I had a lot of problems with Wachovia investments too. Those investment advisor guys in the branches are, um, ethically challenged in my experience. I think they seek to cater to people who are un...

The result of selling fixed assets, investments, and intangible assets?

its a capital gain and its not taxable.. but depends on yr local tax laws.

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