As someone’s substance use increases, so does their tolerance and physical dependence on the substance. Signs of this happening often include consuming more of the substance; more enough for you to notice. For example, one glass of wine might turn into one and a half, and then two in a relatively short amount of time. […]
SMART Recovery is a secular, science-based program that offers mutual support in communities worldwide as well as on the internet and has specific programming for families. All Recovery accommodates people with any kind of addiction and its meetings are led by trained peer-support facilitators. Women for Sobriety focuses on the needs of women with any […]
She currently serves as a Director of adult outpatient services in a community health center. If there are any concerns about content we have published, please reach out to us at When it comes to indulging in a drink, moderation is key — but knowing how much that is can be a challenge. How Does […]
In conclusion, accounting for rent expense is changing insignificantly from ASC 840 to ASC 842. Now if only the https://www.bookstime.com/articles/bookkeeping-express same thing could be said about the accounting for operating leases. Regardless of whether it’s insurance, rent, utilities, or any other expense that’s paid in advance, it should be recorded in the appropriate prepaid asset […]
The Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Dodd-Frank Act, represents one of the most significant overhauls of the United States financial regulatory system… Money creation is a fundamental concept in economics and finance, but its accounting mechanisms can be complex and often misunderstood. Let us now turn to the […]
Under the old lease accounting rules, the cash payments for operating leases were recorded as rent expense in the period incurred and no impact to the balance sheet was recognized. This results in a problem with prepaid expenses for the entities following the accrual system of accounting. Therefore, businesses must record the rent paid in […]
On the other hand, the Right-of-use (ROU) asset amortization is the difference between the payment and the interest component, which is $33,469 ($36,721 payment – $3,251 “Interest”). In the realm of digital assets and blockchain technology, the terms « tokenization » and « NFT » (Non-Fungible Token) are often bandied about, sometimes interchangeably, but they refer to distinct… Let […]
We record this as an increase to the asset account Accounts Receivable and an increase to service revenue. During the month of February, Metro Corporation earned a total of $50,000 in revenue from clients who paid cash. Deferred rent is a liability account representing the difference between the cash paid for rent expense in a […]
We have a growing range of accounting tutorials on the site; please let us know what you think. Prepaid expenses are payments made in advance for goods or services that will be received or used in the future. This is the more common payment arrangement, where tenants deliver their rent at the end of each […]
