Since overdue accounts hold up cash flow, the AR aging report can be used to make sure your outstanding payments don’t create an issue with suppliers. Depending on your financial position, you may request a credit balance extension or another payment term adjustment depending on how many outstanding payments you’re waiting to receive. Your AR…
Income and expenses related to discontinued operations can be found on line items on a company’s income statement, below “Continuing Operations Income” and above “Net Income”. However, it is common that discontinued operations are no longer generating any revenue and are operating at a loss, hence its discontinuation. It means that some money may be…
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