I read that an owners drawing from the company funds reduces owner's capital. The drawing is treated like an expense. Does the drawing go on the income statement as an expense or is it just recorded on the Owner's equity as as a drawing? Please explain why.
I am working on a problem in my...
I am working on installing PHP on Windows IIS 7.0. In the instructions I have, it says I have to link a file called phpisapi.dll to the server. I looked in my PHP file folder and could find no file like this. The file says pws-phpisapi.reg and does not have the correct extension to load or...
A subsidiary is required to pay it's paren company 55% of the net income. Do I report or credit the Retained Earnings account for the subsidiary by 45%of the Net Income and not the full amount
For example, if the subsidiary earns $100,000 net income. The amount it should record or credit in...
How do you put together a consolidated financial statement for a investor who has a controlling interest in a company(holdings is greater than 50%)? For the values listed under the subsidiary(affiliated) company, do you record the percentage of the revenue and expenses that the parent owns or is...
Today, on the Brigham Young University TV Channel, I saw a TV show called Embassy Chef's. It comes on at around 12:30 in the afternoon. Does anyone know what this show is about?
I love Ballroom dancing even though I cannot dance. I used to watch on PBS, American Ballroom Dance competition. I went to the website a few days ago and saw that they are not doing it this year.This information could be due to the page or information not having been advertised. Does anyone...