In this post we will answer two questions: How does an increase in inventory affect the financial statements? How does the sale of inventory affect the financial st...

In this post we will look at the impact of deferred revenue on a company’s financial statements. As you work through this post keep in mind that deferred reve...

In this post we will answer two questions: How does the purchase of a piece of equipment for $1,000,000 affect the financial statements? How does an increase in dep...