Are Political Donations Tax Deductible? What You Should Know!!!
To put it another way, financial donations to political campaigns are not tax deductible. Donations to political campaigns,…
BUSINESS ANALYST VS DATA ANALYST: What You Need!!!
Organizations benefit from the efforts of both data analysts and business analysts. Data analysts tend to deal more…
NOTIONAL AMOUNT: Meaning, Formula and Uses
Notional amount or notional principal amount is the nominal value on the basis of which payment calculations for…
IRREVOCABLE LETTER OF CREDIT: Definition, Example & How It Works
An irrevocable letter of credit helps eliminate concerns that unknown buyers will not pay for goods received or…
NOTICE OF DEFICIENCY IRS: How to Pay Notice of Deficiency IRS
A notice of deficiency is usually triggered by tax information received from a third-party filer, such as an…
REVERSE TRIANGULAR MERGER: Definition, Pros and Cons Explained
The reverse triangular merger is by far the most common merger structure in public corporation mergers. It has…
CONGLOMERATE MERGER: Definition and Examples
A conglomerate merger is a combination of companies that work in different industries and are engaged in different…
ABSOLUTE PRIORITY RULE: Detailed Explanation
The absolute priority rule is used in corporate bankruptcy cases to determine the portion of the payment that…
GOING CONCERN VALUE: Definition and All You Need To Know
Without the going concern value assumption, a business is essentially only worth its break-up cost. The price of…
Imprest: Definition And How It Works
Imprest is simply an accounting model used in business to keep track of how funds are being spent…