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Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law. [1] It emphasizes accountability rather than profitability, and is used by Nonprofit organizations and by governments.
In 1998, after a 15-year legal battle over whether Trump had neglected to pay his due amount into a union fund for the Polish workers, Trump settled the case only when a jury trial pertaining to whether he was the legal employer of the Polish workers had become imminent.
Repo 105 is Lehman Brothers' name for an accounting maneuver that it used where a short-term repurchase agreement is classified as a sale. The cash obtained through this "sale" is then used to pay down debt, allowing the company to appear to reduce its leverage by temporarily paying down liabilities—just long enough to reflect on the company's published balance sheet.
General Journal - Sales discount example Date Description of entry Debit Credit 9-1 Accounts Receivable (Customer A) 500.00 Sales 500.00 Merchandise sale on account, terms 2/10, n/30. 9-7 Cash 490.00 Sales Discounts 10.00 Accounts Receivable (Customer A) 500.00 A/R paid by Customer A, taking a 2% discount.
Sir Lewis Carl Davidson Hamilton MBE HonFREng (born 7 January 1985) is a British racing driver competing in Formula One, driving for Mercedes.Hamilton has won a joint-record seven Formula One World Drivers' Championship titles (tied with Michael Schumacher), and holds the records for most wins (105), pole positions (104), and podium finishes (201), among others.
His company made a $2.44 million profit from an trade in energy companies that he made after learning about a pending corporate acquisition from a friend. [133] January 19, 2021: Tommaso Buti Southern District of New York: N/A N/A
This distinction was made explicit by the Republican Secretary of State, who told lawmakers, "In many other states right now, legislatures are debating restricting access of their voters to the ballot. Not here in Kentucky. What you all are debating today, and hopefully considering, is actually making it easier for our voters to vote". [196]
The Fourteenth Amendment (Amendment XIV) to the United States Constitution was adopted on July 9, 1868, as one of the Reconstruction Amendments.Usually considered one of the most consequential amendments, it addresses citizenship rights and equal protection under the law and was proposed in response to issues related to formerly enslaved Americans following the American Civil War.