Accounting
Warranty expense is the cost that a business expects to or has already incurred for the repair or replacement of goods that it has sold. Accrue the warranty expense with a debit to the warranty expense account and a credit to the warranty liability ...
Independent Contractor Unemployment
Contract - Independent means they hire you directly, as a 1099 which is the designation of the tax code of you you report your income. Contract - W2 means they hire you directly, as W2. W2's are typically full time employees with benefits, but could ...
What Does Vertical Analysis of a Balance Sheet Tell About a Company?
Under vertical analysis (or common-size analysis), one lists each line item in the financial statement as a percentage of the base figure. When you use total assets in the denominator, look at each balance sheet item as a percentage of total assets. ...