Dividends are a way for companies to distribute a portion of their profits to their shareholders. There are several different…
What is Income Tax Expense? Income tax expense is the amount of tax that a company owes on its taxable…
What is Directors’ Remuneration? Directors’ Remuneration (also referred to as Directors’ Compensation or Directors’ Fees) refers to any and all…
What is an Owner Contribution? When a business is first starting out, its owners or co-founders may need to invest…
What is Unearned Revenue? Unearned revenue is a type of liability that is recorded on the balance sheet of a…