December 10, 2021

IRS Issues Standard Mileage Rates for 2024 » News West Virginia Society of Certified Public Accountants

The CPA exam comprises between 250 and 282 multiple-choice questions, plus 28 or 29 task-based simulations, depending on the discipline section you choose. ISC has the […]
May 25, 2022

What is Cash Flow from Investing Activities?

Negative cash flow from investing activities means that a company is investing in capital assets. As the valuation of those assets grows, they increase the net […]
February 21, 2023

5 3 Apply the Results from the Adjusted Trial Balance to Compute Current Ratio and Working Capital Balance, and Explain How These Measures Represent Liquidity Principles of Accounting, Volume 1: Financial Accounting

We can see in the chart below that Coca-Cola’s working capital, as shown by the current ratio, has improved steadily over the last few years. When that happens, the […]
February 22, 2023

Accumulated Depreciation Explained

Did we continue to follow the rules of adjusting entries in these two examples? In Record and Post the Common Types of Adjusting Entries, we explore […]