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What is the actuarial valuation? An actuarial valuation is a type of Evaluation of a pension fund’s assets to liabilities, using investment, economic and demographic aspects of the model to determine the level of funding of a pension plan. The assumptions are based on a mixture of statistical studies and experienced judgement. Since assumptions are often derived from long-term data, …

What is asymmetric information? Asymmetric information, also known as “information failure”, occurs when one party to an economic transaction has greater material knowledge than the other party. This usually manifests itself when the seller of a good or service possesses greater knowledge than the buyer; however, the opposite dynamic is also possible. Almost all economic transactions involve information asymmetries. Key …

What is depreciable property? Depreciable property is any asset eligible for tax and accounting purposes to be recognized depreciation in accordance with Internal Revenue Service (IRS) rules. Depreciable property can include vehicles, real estate (excluding land), computers and office equipment, machinery and heavy equipment. Depreciable assets are long term assets. Key points to remember Depreciable assets are allowed to be …

Key points to remember EPS was $0.59 versus analysts’ expectation of $0.53. Revenues fell short of analysts’ expectations. Bond trading revenue was below analysts’ estimates. Equity trading revenue was above the level estimated by analysts. Net interest income decreased due to lower interest rates. What happened Bank of America reported mixed results for the fourth quarter of fiscal 2020. The …

Cross-listing, also known as dual listing or multiple listing, is a practice in which a company lists its shares on more than one stock exchange. This move enables companies to gain access to a larger pool of investors, raise more capital, and increase liquidity for their shares. In this comprehensive guide, we’ll delve into the definition of cross-listing, the benefits …

Cryptocurrency exchange Gemini may be considering a initial public offering (IPO). In a interview with Bloomberg, Cameron and Tyler Winklevoss, co-founders of the exchange, said they were open to the idea of ​​going public. “We are watching the market and also having internal discussions about whether this makes sense for us at this point,” said Cameron Winklevoss, Gemini president. While …

What is Section 1341 credit? Section 1341 Credit is a federal measure tax credit available to U.S. taxpayers who reported income in a previous year but had to repay that income because it was paid in error in the first place. The repaid income must be more than $3,000 for the taxpayer to benefit from the deduction. Section 1341 allows …

The Financial Crimes Network (FinCEN) has extended the comment period by 60 days for a controversial proposed rule it requires cryptocurrency businesses and banks to record and store customer identification details for self-hosted wallets. Agency Proposed Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets to reign last month, and its comment period ended on January 15. FinCEN …

What Is a Renewable Resource? A renewable resource is a resource that can be replenished naturally over time. As a result, it is sustainable despite its consumption by humankind. Renewable resources are considered especially important for their potential to replace non-renewable, or finite, resources in the production of energy. Additionally, renewable resources can offer cleaner energy solutions than those provided …