Tips Clear News Portal Your Ultimate Guide to Clear Tips on Life, Tech, Health, and More

What Is an Impaired Asset? An impaired asset is an asset that has a market value less than the value listed on the company’s balance sheet. When an asset is deemed to be impaired, it will need to be written down on the company’s balance sheet to its current market value. Key Takeaways Assets should be tested for impairment on …

Did you know that in the past (I’m talking to you about a time that those less than really many thousands of years ago cannot know), we had claws instead of fingernails, a bead at the level of the arcade and short legs but very long arms? It’s part of what has changed physically in us with natural evolution. Well …

What Is High Liquidity? A company’s liquidity indicates its ability to pay debt obligations, or current liabilitieswithout having to raise external capital or take out loans. High liquidity means that a company can easily meet its short-term debts while low liquidity implies the opposite and that a company could imminently face bankruptcy. Key Takeaways: Liquidity ratios are an important class …

Boomers often have weird delusions: telling us it was better before, telling us that they were offered an orange for Christmas, and wearing boomer t-shirts. But what if, you know, those kind of t-shirts with “humorous” messages that turn out to be way more embarrassing than funny? We don’t know why they inflict their lack of taste on us, but …

What is an Unusual Item? An unusual item is a nonrecurring or one-time gain or loss that is not considered part of normal business operations. Unusual gains or losses may be recorded on the income statement as a separate component of income from continuing operations, or alternatively, may be identified in the footnotes to the financial statements or the management …

As Anatole France said “Of all the schools I have attended, truant school seemed to me the best” and there’s nothing like starting a top with a quote looted from an obscure quotes site to give yourself some allure. In short, you will have understood today we are talking about school, this place where you learn all kinds of stuff …

What is Earnings Season? Earnings season refers to the months of the year during which most quarterly corporate earnings are released to the public. Earnings season generally occurs in the month immediately following the end of each fiscal quarter. This means that earnings seasons typically fall in January, April, July, and October, because firms need time after each quarterly accounting period …

Who said justice couldn’t be funny at times? Me. I said it just yesterday thinking it was the most boring thing in the world and it seems like I was wrong since there are some subtleties I hadn’t thought of: punishments. Yes, because sometimes the law decides to punish criminals in a particularly inventive and original way rather than giving …

What Is a Cash Discount? Cash discounts refer to an incentive that a seller offers to a buyer in return for paying a bill before the scheduled due date. In a cash discount, the seller will usually reduce the amount that the buyer owes by either a small percentage or a set dollar amount. Key Takeaways Cash discounts are deductions …