Any surplus on the transaction ends up on the capital surplus account. When companies issue shares, they receive finance through which they can fund their operations. Usually, these shares have a par value which also dictates their value […]

Schedule C is an IRS form that accompanies Form 1040 to determine business net income (or loss). With the TurboTax bundle, you can instantly transfer your financial data. We do the math and automatically remind you of what […]

The difference between what you spent to buy the inventory and what you sold it for is the profit. An understanding of period costs helps you analyze your financial statements. Materials are unprocessed examples of period costs items […]

The parent may want to sell the property at a deep discount in order to avoid paying taxes or to simply give the child a great deal on their first home. As a result, the transaction price of […]