Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

Related Finance Questions
I'm helping a friend with a S Corporation book value balance
I'm helping a friend with a S Corporation book value balance sheet from a Form 1120S Schedule L. The S Corporation was converted from a C Corporation with an accumulated E&P. The asset total for 2016 … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I have a small company business (since 2002). I have an
Hi. I have a small company business (since 2002). I have an debit that was never posted in our books and now I need to pay it monthly to Wells Fargo. Was is the opening entry to reflect the debit and … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
If I right a check to myself from my business,(not through
If I right a check to myself from my business,(not through payroll with no withholdings) what is this transaction classified as? … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I own a pass-through S Corporation and I am the sole owner.
I own a pass-through S Corporation and I am the sole owner. I have been asked to prepare a balance sheet. For this example, the business has earned $1000 in revenue over the year. My business has a ch… read more
Kirk_CPA
Kirk_CPA
Master's Degree
37 satisfied customers
How to add goodwill to exisiting c corp, Selling a business
Selling a business goodwill but have no cost basis on books from prior accountant … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
S Corp.... Sole Member took car out of company to give to
s Corp.... Sole Member took car out of company to give to his daughter. I'm doing the "sale of asset" to take off the books. How is the distribution done, or is that construed as his distribution?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Working with a new client. On s balance sheet under Equity
Working with a new client. On his balance sheet under Equity he has Capital Stock, Distribution of Capital, Retained Earnings and Net Income. He doesn't know the history or have records far enough bac… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
I have a Corp client who has closed down s business and
I have a Corp client who has closed down his business and Corporation in 2015. It is an S-Corp. There was no activity in 2015. My question is as follows: The ending balance sheet had only three number… read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
BUSINESS OWNER AND DOING MY YEAR END REVIEW PROCESS I WAS
i AM A BUSINESS OWNER AND DOING MY YEAR END REVIEW PROCESS I WAS REVIEWING MY FINANCIAL STATEMENTS. I BELIEVE THAT THERE WERE SOME INTRA COMPANY TRANSACTIONS THAT WERE BOOKED TO THE BALANCE SHEET, WHE… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I am dissolving an S corp and the only shareholder. The end
I am dissolving an S corp and the only shareholder. The end of year balances are: Loan from shareholder 6000.00 Capital stock 1000.00 Paid in Capital 2000.00 Retained earnings (3000.00) Net Loss 6000.… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,222 satisfied customers
Question for rgb02a, Accountant . Need help to calculate the
Attachment: 2012-10-19_073721_1-1-11.pdf Attachment: 2012-10-19_073744_1-1-12.pdf Attachment: 2012-10-19_073809_8-31-12.pdf Attachment: 2012-10-19_073826_12-31-10.pdf Attachment: 2012-10-19_073841_12-… read more
rgb02a
rgb02a
Chief Financial Officer
Bachelor's Degree
16 satisfied customers
Which of the following statements is correct? Assets on the
Which of the following statements is correct? Assets on the balance sheet include retained earnings. Retained earnings include contributed capital. The balance sheet equation states that assets equal … read more
FloridaCPA1
FloridaCPA1
Master's Degree
42 satisfied customers
A Question for Charles Greiner, Certified Public Accountant
A Question for Charles Greiner, Certified Public Accountant (CPA). Here is the scenario. A business was an LLC- sole but we decided to covert to an LLC - S Corp for 2011 retroactively.. His business h… read more
rgb02a
rgb02a
Chief Financial Officer
Bachelor's Degree
16 satisfied customers
Is it possible to have an account on both the Balance Sheet
Is it possible to have an account on both the Balance Sheet and the Profit and Loss Statement? I would like to see my loan balance on the Balance Sheet and my payments every month on the Profit & Loss… read more
BK-CPA
BK-CPA
Bachelor's Degree
687 satisfied customers
1. Which of the following statements is not an objective of
1. Which of the following statements is not an objective of financial reporting? a. Provide information that is useful in investment and credit decisions. b. Provide information about enterprise resou… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
1,933 satisfied customers
PART I MULTIPLE CHOICE (5 points) Instructions Designate
PART I — MULTIPLE CHOICE (5 points) Instructions Designate the best answer for each of the following questions. Questions 1 and 2 are based on the following information: Bono Company recently incurred… read more
Haider
Haider
Doing CAT
226 satisfied customers
I am the loan shareholder of a C-corp. I recently purchase ...
I am the loan shareholder of a C-corp. I recently purchase a building and some equipment. I could not get a loan through my business credit, so I used my personal credit to acquire the loans. Can I pl… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 satisfied customers
A new LLC start-up is selling $150k of equity shares. At ...
A new LLC start-up is selling $150k of equity shares. At the end of year they have sold $100k in equity "shares". The remaining $50k is unallocated and owned by the founder until sold. On the balance … read more
Chris Phelps
Chris Phelps
Sole Practitioner
Master Degree
1,180 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