In 2010 the Internal Revenue Service (IRS) received nearly 2.5 million corporation income tax returns. Each of those corporations had to prepare a tax accrual account to determine how much they owed ...

Accrual basis accounting is a method used by businesses of all sizes in accordance with generally accepted accounting principles (GAAP). Vendor accruals used under this method are recorded once a ...

Apple’s warranty accruals essentially doubled as a percentage of revenue in fiscal 2013 and 2014 vs. 2012. In fiscal 2012 Apple accrued 1.4% of its revenue to warranty costs. For fiscal 2013 and 2014 ...

Accruals in accounting are income earned and revenue incurred that are recorded as transactions occur, rather than upon completion of payment or delivery. Accruals are the basis of the accrual method ...

One of the simplest ways to use surplus for participants is by enhancing the plan to increase accrued benefits. Examples ...

In the grand scheme of things, William Kross says injuring his back right out of college might have been the best thing to ever happen to his career. An enthusiastic intramural baseball player, Kross, ...

This is a preview. Log in through your library . Abstract The antitrust laws of the United States prohibit monopolies or attempts to create a monopoly in any unregulated line of business. In the past, ...

One of the analysis I do on Apple’s finances every quarter is to adjust the company’s reported gross margin for its warranty accruals. Apple’s warranty charges have ranged from 0.9% to 3.7% of total ...

The economic theory of auditor independence (DeAngelo 1981b) suggests that auditors' incentives to compromise their independence are related to client importance. Using ratios of client fees and of ...

Gov. Charlie Baker will announce Wednesday that he is reintroducing a proposal to cap earned sick time for public employees. The proposal is virtually identical to one Baker introduced last May. But ...

Adani Group is not looking to raise any external funding to double manufacturing capacity of its cement firms, Ambuja Cements and ACC, to 140 million tonne by FY28 as the group has “sufficient” ...

With the interest rate cut cycle nearing its end, several debt fund managers are shifting their focus towards interest income rather than betting on duration in anticipation of capital gains.