Which account represents the cumulative earnings of the firm since its formation?
In accounting, a capital account is a general ledger account that is used to record the owners’ contributed capital and retained earnings—the cumulative a...
Published: Jul 19, 2026
Is patent a current asset?
Like copyright and other intangible assets, a patent usually gives your company economic benefit for longer than a year. Therefore, Finance Strategists ex...
Published: Jul 19, 2026
What kind of math is used in economics?
The types of math used in economics are primarily algebra, calculus and statistics. Algebra is used to make computations such as total cost and total reve...
Published: Jul 19, 2026
How many employees does Brinks Inc have?
59,900 employees Established in 1859, Brink’s employs over 59,900 employees and serves customers through a network of 1,100 facilities and 12,000 vehicles...
Published: Jul 19, 2026
Does prepaid rent affect rent expense?
Prepaid rent is a type of deferred expense, which is a type of asset. At the end of the month, after the service has been provided, the tenant will zero o...
Published: Jul 19, 2026
Which of the following income is not taxable?
Types of Exempt Income House Rent Allowance. Allowance on transportation, children’s education, subsidy on hostel fee. Exemption on Housing Loan. Income d...
Published: Jul 19, 2026
How do you record a journal entry for distribution?
To record an owner withdrawal, the journal entry should debit the owner’s equity account and credit cash. Since only balance sheet accounts are involved (...
Published: Jul 19, 2026
How is the statement of cash flows related to the income statement?
The Statement of Cash Flows (also referred to as the cash flow statement) is one of the three key financial statements that report the cash generated and ...
Published: Jul 19, 2026
How do you calculate marginal cost from TC?
The Average Cost (AC) for q items is the total cost divided by q, or TC/q. You can also talk about the average fixed cost, FC/q, or the average variable c...
Published: Jul 19, 2026
What does it mean a standard cost when a corporation use a standard cost?
Standard costing is the practice of substituting an expected cost for an actual cost in the accounting records. Standard costing involves the creation of ...
Published: Jul 19, 2026
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