Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

Related Finance Questions
When capitalizing a new lease, do you capitalize over the
When capitalizing a new lease, do you capitalize over the initial lease or include all proposed extensions. For example, we have a 7 year lease with an optional extension of 5 years? … read more
taxmanrog
taxmanrog
Master's Degree
1,282 satisfied customers
Business acquisition, straight asset purchase with four year
Business acquisition, straight asset purchase with four year non compete to exiting owner. An amount to be paid annually for the non compete contingent upon that. How should the non compete be recorde… read more
taxmanrog
taxmanrog
Master's Degree
1,282 satisfied customers
In 2015 I had SunRun Solar install solar panels on my
In 2015 I had SunRun Solar install solar panels on my rental. The contract called for me to pay all lease cost up front ($14000 for 20 yrs). They maintain ownership and maintenance responsibilities. H… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,252 satisfied customers
Please pretend like you're back in college taking a test
Please pretend like you're back in college taking a test and you're teacher gives you the following word problem: Specifically I want you to prepare a journal entry for each one of these series of eve… read more
Jonathan Tierney
Jonathan Tierney
MBA
295 satisfied customers
I just refinanced my house in December using FHA. I paid
I just refinanced my house in December using FHA. I paid $4742 in up front Mortgage Insurance Premium (shown on my 1098 under line 4) and will be paying $291 per month in MIP for the next 11 years as … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,657 satisfied customers
If a company contracts with an organization to develop software
If a company contracts with an organization to develop software for internal purposes and part of that software development includes load testing and on implementation the system fails due to the load… read more
Shane-CPA
Shane-CPA
CPA, PFS, CGMA
251 satisfied customers
I am preparing financial reports "cash basis" for an apartment
I am preparing financial reports "cash basis" for an apartment complex. These reports are P+L's with the following separate formulas in summary: 1)I am figuring Net Income before Debt Service (pure re… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
A small corporation that I do a compilation financial statement
A small corporation that I do a compilation financial statement for at there fiscal year end, with footnotes, has a new product development costs listed as a current asset. Does this item require furt… read more
MarjorieCPA
MarjorieCPA
Certified Public Accountant
Bachelor's Degree
36 satisfied customers
Can you provide advice on these two questions; Segment revenue
Can you provide advice on these two questions; Segment revenue numbers included in U.S. GAAP-compliant segment disclosures must be stated in conformity with U.S. GAAP revenue accounting principles eve… read more
Karla
Karla
Master's Degree
139 satisfied customers
do you amortize interest cost on a loan for the term of the
do you amortize interest cost on a loan for the term of the loan so as to make interest expense even throughout the period of the loan or do you expense interest when paid… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
on Jan 1 a company purpchased a five year insurance policy
on Jan 1 a company purpchased a five year insurance policy for 1,800 with coverage starting immediately. If the purchase was recorded in the prepaid Insurance account and the company records adjustmen… read more
Karla
Karla
Master's Degree
139 satisfied customers
Winterschid Companys trial balance at December 31, 2008, is
Winterschid Company's trial balance at December 31, 2008, is presented below. All 2008 transactions have been recorded except for the items described below. Debit Credit Cash $ 28,000 Accounts Receiva… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
1,933 satisfied customers
We purchased a business. The purchase agreement with the original
We purchased a business. The purchase agreement with the original owners says (paraphrasing) that if we sell the business within 7 years of the purchase we owe them 2.5M - flat. Otherwise, we owe them… read more
CPA Cindy
CPA Cindy
Bachelor's Degree
55 satisfied customers
Are origination and commitment fees paid capitalized?
Are origination and commitment fees paid capitalized? When recording notes payable, I can't find the appropriate accounting guidance to find out what they should be.… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
In order to be in compliance with GAAP, how do I book an ...
In order to be in compliance with GAAP, how do I book an anticipated refund of $6,000 federal income taxes based on my (accountant') estimate? Do I book a receivable in the fiscal year that the refund… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Another portion of question - Do I do a trial balance
I have to add adjustments to my previous inquiry dated November 4th. Depreciation on equipment is $1,400 for the accounting period Interest owed on a loan but not paid or recorded $175 Supplies on han… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 satisfied customers
Hello! I am looking for the particular gaap that covers ...
Hello! I am looking for the particular gaap that covers the accounting standards for recording prepaid expenses and other assets. Where would I find the exact procedure? I've tried looking on the fasb… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 satisfied customers
how do you account for the capitalization of interest
A company is constructing a new cannery and warehouse facility. The company plans to capitalize interest during the two year construction project. It started the project last year and the warehouse co… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,657 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,609 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,222 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,933 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x