Analyzing changes in cash flow from one period to the next gives the investor a better idea of how the company is performing, and whether a company may be on the brink of bankruptcy or success. The CFS should also…
A trial balance is usually prepared at the end of an accounting period, such as a month or a year. Applying all of these adjusting entries turns your unadjusted trial balance into an adjusted trial balance. It’s hard to understand…
Most self-employed people need to pay estimated quarterly taxes to avoid an IRS penalty. That’s because the US has a pay-as-you-go tax system, and these earners don’t have an employer withholding taxes from every paycheck. The 1040-ES worksheet helps you…
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