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The additional information provided for 2012 indicates there were no sales of long-term investments during the year. The increase of $12,000 is solely from purchasing long-term investments with cash. Thus the purchase of long-term investments for $12,000 is shown as a decrease in cash in the investing activities section. Before moving on to step 2,… Continue reading 6 4 Format of the statement of cash flows

Currently, 36-month loans have an average APR of 11.5%, while 60-month loans have an average of 14.35%. To read more, check out the full LendingClub personal loan review on WalletHub. LendingClub personal loans are currently available in all 50 states. The company is working to extend availability to residents of U.S. territories. Bankrate follows a… Continue reading LendingClub Personal Loans: 2023 Review

Content Resources for Your Growing Business About Physical Inventory and Cycle Counting Inventory management for small businesses Step 7: Track Inventory in Real Time Decide How To Track Inventory Data Dropshipping means your suppliers ship their goods directly to your customers, bypassing the need for any inventory management in the first place. They’re unpredictable, expensive,… Continue reading Best Inventory Management Software of June 2023

Because there are two or more accounts affected by every transaction, the accounting system is referred to as the double-entry accounting or bookkeeping system. Examples of assets include cash, accounts receivable, inventory, prepaid insurance, investments, land, buildings, equipment, and goodwill. From the accounting equation, we see that the amount of assets must equal the combined… Continue reading Balance Sheets 101: What Goes on a Balance Sheet?