Posts Tagged "accounting"

Playing Accounting Games with Social Security

on Mar 27, 2015 in Stated Income Loans | Comments Off on Playing Accounting Games with Social Security

Playing Accounting Games with Social Security The Congressional Budget Office (CBO) portrays liabilities as assets, remedy loans as income, cure and debt as nothing. The presentation of the … The government on the other hand has no disincentive to overstate its revenue. In fact, inflated revenue can be a … If you would like more informaiton please visit here… Should You Take the Bigger Tax Refund or Paycheck? [Debate] Are your personal finances a highly-organized, well-oiled machine? Or is there a lot of room for improvement? The answer to that question is more important than you might think, especially during tax time. Most people anxiously await a big check from … If you would like more informaiton please visit here… Should you pay extra on your mortgage? Paying a little extra every month on your home loan is a way to make that dream a reality faster than you thought, and with today's historically low savings rates, it could make more sense than ever. Rather than letting money … Not taking advantage … More informaiton please visit here… Playing Accounting Games with Social...

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Q&A: Basic accounting question – is a loan shown as income during the year the company (Inc.) borrows the money?

on Feb 15, 2013 in Stated Income Loans | 1 comment

by eyewashdesign: A. Golden Question by Independent_guy: Basic accounting question – is a loan shown as income during the year the company (Inc.) borrows the money? Hi All, diagnosis When a company (corporation) gets a $ 100,000 loan, is the loan shown as a loan or INCOME in the company’s tax return/tax filing? THANKS. Best answer: Answer by yah0o.yeheyi dunno about tax return/tax filing thing but loans and payables are shown in the liability side in the income statement 😀 Know better? Leave your own answer in the comments! Q&A: Basic accounting question - is a loan shown as income during the year the company (Inc.) borrows the...

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Basic accounting question – is a loan shown as income during the year the company (Inc.) receives the money?

on Dec 29, 2012 in Stated Income Loans | Comments Off on Basic accounting question – is a loan shown as income during the year the company (Inc.) receives the money?

Question by Independent_guy: Basic accounting question – is a loan shown as income during the year the company (Inc.) receives the money? Hi All, approved When a company (corporation) gets a $ 100,000 loan, is the loan shown as a loan or INCOME in the company’s tax return/tax filing? THANKS. Best answer: Answer by pbroniNo, loan proceeds are not treated as income, and they do not flow through the income statement. Only if the loan is forgiven by the lender might the loan amount need to be recorded as income. Give your answer to this question below! Basic accounting question - is a loan shown as income during the year the company (Inc.) receives the...

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