Every node has its own copy of the blockchain and the network must algorithmically approve any newly mined block for the chain to be updated, trusted and verified. Since blockchains are transparent, every action in the ledger can be easily checked and viewed, creating inherent blockchain security. Each participant is given a unique alphanumeric identification […]Continue reading
Месяц: Июль 2021
Discontinued Operations: Its Impact on Financial Reporting
Content Discontinued Operations under ASU 2014-08 Resources for Your Growing Business Key impacts The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate […]Continue reading
What Exactly Is the Biopsychosocial Model of Addiction?
This may seem antithetical to a view of addiction as a distinct disease category, but the contradiction is only apparent, and one that has long been familiar to quantitative genetics. Since typical problems older adults face are multimodal, a comprehensive interprofessional approach to assessment and treatment that encompasses diverse health care providers (e.g., geriatricians, nurses, […]Continue reading
Applying the Net Method in Financial Accounting
If a company uses the net method, but fails to remit the net amount within the discount period, the net method requires a debit entry to the expense Purchase Discounts Lost. In our example, if the company pays the invoice in 30 days, it is not entitled to the early payment discount and will therefore […]Continue reading