"Goodwill" on a company's balance sheet represents value that the company gained when it acquired another business but that it can't assign to any particular asset of that business. Goodwill doesn't ...

Discover how different depreciation methods affect long-term asset values and short-term earnings, plus key assumptions that ...

The balance sheet provides a look at a business at a snapshot in time, often at the end of a quarter or year. In some cases, the accounts on the balance sheet -- assets, liabilities, and equity -- can ...

Understanding how the income statement affects the balance sheet is not that difficult. The two concepts fit together like pieces of a dynamic puzzle. In this case, the puzzle is the financial ...

Net income is found by adjusting owners' equity for profits, losses, and capital changes. Use owners' equity changes to determine company profit or loss for accouting periods. One of the benefits of ...

A balance sheet displays what a company owns, what it owes, how it's financed, and its shareholders' equity at a particular point in time. An income statement displays the company's revenues and ...

When you want to know a company’s financial health, it helps to look at its balance sheet. But if you’ve never seen a balance sheet before or don’t know how to read one, all you’ll see is a collection ...

In accounting, every financial transaction is recorded by two entries on the company's books. These two transactions are called a "debit" and a "credit," and together, they form the foundation of ...

A net sheet itemizes the costs associated with the sale of a home to estimate the amount the seller will earn, or “net,” from the sale. Net sheets are typically prepared by your real estate agent, and ...