Is goodwill considered a form of capital asset?
Split between assets, liabilities, and equity, a company’s balance sheet provides for metric analysis of a capital structure. Debt financing provides a cash capital asset that must be repaid over time through scheduled liabilities. Equity financing p...
Answers about Cancelled Checks
When the check finally clears the account of the payor or the person who wrote it, it's considered canceled. In short, a canceled check means the clearing process has finished, and the check cannot be reused. As a result, canceled checks can be used ...
General and Administrative Expense
Include any payroll taxes, insurance, benefits, meals, supplies and training costs. In this example, assume you pay $2,000 in payroll taxes, $1,000 in insurance, $2,000 in benefits and $5,000 in supplies and other miscellaneous expenses. Add together...