Containers such as kegs, bottles, and cases, regardless of whether they are on hand or returnable, should be included in inventory if title has not passed to the buyer of the contents. If title has passed to the buyer, exclude the containers from inventory. You are a calendar year taxpayer and pay $10,000 on July […]

For example, a set of the first five odd numbers. An infinite set has infinite order (or cardinality). In sets it does not matter what order the elements are in. The historical record shows the Babylonians first used zeros around 300 B.C., while the Mayans developed and began using zero separately around 350 A.D. What […]

On this form, you will detail your home office expense calculations, including your home’s size, your office’s size, and a breakdown of your actual expenses. The final deduction amount from Form 8829 is then transferred to your Schedule C. On the flip side, there are also indirect home office expenses — meaning, all the other […]

It fails to recognize certain inventory costs in the same period in which revenue is generated by the expenses. Absorption and variable costing are not enemies—they’re just different perspectives on the same business. One tells the story of how costs are absorbed over time, while the other highlights the real-time cost of doing business. Organizations […]

Instead, this valuation metric should be considered as part of a broader analysis of a company’s financial statements, industry trends, competitive advantages, and growth prospects. For example, a company that generates high revenue but has low retained earnings may be experiencing poor profitability or spending heavily on research & development or other growth initiatives. Alternatively, […]