Last Updated on 06/29/2021 by GS Staff Q: Does Google pay dividends? Google (a.k.a Alphabet Inc.) does not pay dividends. Based on the company’s latest annual report, they have no intention of paying dividends in the foreseeable future. According to the 2019 annual report, Google indicates the following regarding their dividend policy, We have never …
Last Updated on 02/17/2018 by GS Staff [otw_shortcode_dropcap label=”Q:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Does Toyota own Lexus? [otw_shortcode_dropcap label=”A:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Yes, Toyota Motor owns Lexus. Toyota also makes the following vehicles or has ownership in the following companies: 4Runner, 86,Avalon, C-HR, Camry, Corolla, Highlander, Land Cruiser, Mirai, Prius, Sequoia, Sienna, Tacoma, Tundra, Yaris, Scion, Subaru (~16.6% …
Last Updated on 12/29/2017 by GS Staff [otw_shortcode_dropcap label=”Q:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Is cash a debit or credit in accounting? [otw_shortcode_dropcap label=”A:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Cash is an asset. Assets have a normal balance of a debit. This means that cash will increase with a debit and decrease with a credit. An example of a journal entry …
Last Updated on 12/27/2017 by GS Staff [otw_shortcode_dropcap label=”Q:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Is treasury stock an asset? [otw_shortcode_dropcap label=”A:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Treasury stock is stock that has been reacquired or repurchased by a company of their own shares. When stock is reacquired and placed into treasury stock, it is not considered retired. It can be reissued at …
Last Updated on 12/08/2022 by GS Staff Q: What is restricted cash? A: Restricted cash is money that is not available to freely spend by a business because it is intended to be used for a particular purpose. It is money set aside for a specific purpose that cannot be used for things like everyday …
Last Updated on 12/26/2017 by GS Staff [otw_shortcode_dropcap label=”Q:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] What are fixed assets? [otw_shortcode_dropcap label=”A:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Fixed assets are tangible assets that are intended to be used for business operations that have a useful life beyond a year. These assets are commonly called property, plant and equipment (PP&E). They are not intended for resale …
Last Updated on 12/22/2017 by GS Staff [otw_shortcode_dropcap label=”Q:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] What are the journal entries for account receivable? [otw_shortcode_dropcap label=”A:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Accounts receivable is the money owed from clients for purchased goods or services on credit. For example, a sports equipment manufacturer might ship sporting goods to a retail store and allow the …
Last Updated on 12/21/2017 by GS Staff [otw_shortcode_dropcap label=”Q:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Is depreciation an expense? [otw_shortcode_dropcap label=”A:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] To give a short answer, depreciation is an operating expense. Keep reading for an explanation. When a company purchases an asset such as equipment or a building, it is capitalized. This means that the purchase is …
Last Updated on 12/20/2017 by GS Staff [otw_shortcode_dropcap label=”Q:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] What are noncurrent assets? [otw_shortcode_dropcap label=”A:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Noncurrent assets are assets that are not projected to be converted into cash within the accounting year. They are typically assets that cannot quickly be liquidated. A common definition of noncurrent assets is any assets that …
Last Updated on 12/19/2017 by GS Staff [otw_shortcode_dropcap label=”Q:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Is prepaid rent an asset? [otw_shortcode_dropcap label=”A:” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap] Prepaid rent is known as a prepaid expense. It represents rent that has been paid in advance. For example, a business may rent an office building for 12-months and pay for the full year of rent …
