Running north to south through the state are the Cascade Mountains, an area of major highs and lows. These include Mount Hood, Oregon’s highest point at 11,245 feet, and Crater Lake, the deepest lake in the United States at a depth of 1,943 feet. To the east of the Coast Range lies the Willamette Valley, …
Large Detailed Tourist Map of Oregon With Cities and Towns Read More »
It notes all company operating expenses in two categories that are Selling and Administrative. The single-step income statement skips the calculation of gross profit and operating profit, instead focusing on the bottom line– net income. The multi-step income statement calculates gross profit, operating profit, and net income. Single Step vs Multi Step Income Statement Following …
Multi Step Income Statement Example Template Explanation Read More »
However, it will also have a negative accumulated depreciation of $60,000, offsetting that cost. Contra accounts are used to reduce the original account directly, keeping financial accounting records clean. The difference between an asset’s balance and the contra account asset balance is the book value. Key examples of contra asset accounts include allowance for doubtful …
What is a Contra Asset Account? Simple Examples and Easy Explanation Read More »
You might hear something along the lines of “He dropped a couple mil on a new car,” or perhaps “How many mils is that house? ” This abbreviation works for both spoken and written dialogue, and is easily recognizable. Test your knowledge of some of the most commonly misunderstood texting acronyms. The Report containing certain …
Different Abbreviations for Thousand, Million & Billion Read More »
