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Author: productsteam

$_____ and expiring with our close of business on _____ [the expiration date], or any automatically extended expiration date. An unconfirmed irrevocable letter of credit involves the obligation of the issuing bank to pay, accept or negotiate the letter of credit. The advising bank forwards...

ContentCan You Calculate the Return on Equity if You Have a Negative Net Income?How Stockholders' Equity WorksLow Stockholders' EquityHow to Determine Net Income or Net Loss After Adjusting EntriesWhat is Stockholders Equity?Additional Paid-In Capital on Preferred Stock Long-term assets are the value of the capital assets...

ContentDrug Addiction Recovery Statistics [Infographic]Oregon Health AuthorityFooter SocialTips for finding the best drug addiction treatment for you Under the 2008 Mental Health Parity and Addiction Equity Act, both private and public insurers are obligated to provide comprehensive and equitable coverage for substance use disorder and mental...

ContentChurch Growth SoftwareACS Technologies – Best for budget managementACS Church SoftwareChurchTracPlanning CenterKey features of accounting project management software The convenience of having the platform online eliminates the need for churches to buy the resources required to operate and keep a system in-house. By leveraging these benefits, church...

ContentSobriety Quotes – Congratulations on Sobriety QuotesThe 50 best drinking quotes of all timeShort Funny Alcohol Quotes“No matter what people tell you, words and ideas can change the world.” (Robin Williams as John Keating in Dead Poets Society)Sobriety Quotes & Treatment Options As we recover we...

Of the total six-month insurance amounting to $6,000 ($1,000 per month), the insurance for 4 months has already expired. In the entry above, we are actually transferring $4,000 from the asset to the expense account (i.e., from Prepaid Insurance to Insurance Expense). In preparing...