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Student activity fees and course-related books, supplies, and equipment only count if they must be paid to the school for enrollment or attendance. Prepaid education expenses can also be used to calculate the credit if they’re paid for an academic … Continue reading →

Both of these industries can list COGS on their income statements and claim them for tax purposes. Since prices tend to go up over time, a company that uses the FIFO method will sell its least expensive products first, which … Continue reading →

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From small businesses to multinational corporations, accounting forms the foundation of sound financial management. There are two types of assets, the QuickBooks first is fixed assets, and another is current assets. Some liquid accounts in current assets include cash, accounts … Continue reading →

Internet advertisers are familiar with CPM which is the cost per thousand impressions. To add to the potential for misunderstanding, MM is not the Roman numeral for contribution margin million. There are a few different ways to abbreviate billion, most … Continue reading →