Bookkeeping

What is common stock? The most typical way to invest in a company and profit from its growth

The excess value paid by the purchaser of the shares above the par value can be found in the “Additional Paid-In Capital (APIC)” line item. So investors with a smaller window, such as those who are older or who need their money sooner, are better off investing elsewhere or at...

Consolidate 1120 or 1120S returns

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In a bank reconciliation, what happens to the outstanding checks of the previous month?

If a check remains unpaid for an extended period, the recipient may choose to take legal action to recover the funds. This can involve filing a lawsuit and seeking a judgment against the account holder. Depending on the jurisdiction, the account holder may be required to pay not only the...