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GAAP – Accounting for Equity - An Introduction to Equity The Basic Accounting Equation says that Assets – Liabilities = Equity Equity (stockholders’ equity, owners’ equity, etc.) is the claim shareholders of a company have on assets once the liabilities have been satisfied. Equity on the Balance Sheet There are five critical entries on a balance sheet related to equity: retained earnings, common stock, preferred stock, treasury stock, and other comprehensive income. Unlike assets and liabilities, equity tends to be much… Read More...Business
Personal Finance
How to Effectively Save Money - We will teach you how to save money so that you can afford your future now. There are two main questions you need to ask yourself to effective save money: A.“How much will I need?”,… Read More...
Mortgages - Your home will probably be the biggest purchase you make in your lifetime. Buying a home not only saves money on rent, but is a serious asset that can appreciate over time. Since homes are… Read More...Student Loans - What is a Student Loan? A student loan is exactly what it sounds like – a loan given to students to finance their studies. This is most common for college or university students, but also… Read More...
Debit – Credit Cards Without Credit - https://youtu.be/Q2DwhcQbVRs Before Debit Cards Before the 21st century, if you wanted to buy groceries or visit the mall, you had 4 options that you could use to pay, all of which had their own drawbacks:… Read More...