What Is Form 1065: U.S. Return of Partnership Income? Form 1065 is a U.S. Return of Partnership Income tax document issued by the Internal Revenue Service (IRS). It is used to declare the profits, losses, deductions, and credits of a business partnership. In addition to Form 1065, partnerships must also […]
Accounting
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What is Capital Stock? Capital stock is the number of common and preferred shares of stock that a company is authorized to issue, as granted in its corporate charter. The amount of money a corporation receives when it issues shares of its stock is reported in the shareholders’ equity section […]
How Many Work Hours in a Year Are you trying to determine how many work hours in a year? Maybe you want to convert an hourly employee to salary. Or, calculate a salaried employee’s hourly rate for partial payment? The number of working hours and wages vary from country to […]
Formula and Calculation for Accounts Receivable Turnover Ratio Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable Add the value of accounts receivable at the beginning of the desired period to the value at the end of the period. Next, divide the sum by two to get the […]