A simple error in a spreadsheet cost JPMorgan Chase more than $6 billion in the infamous “London Whale” incident. This is not an isolated case: ...

A prepaid expense occurs when a company pays in advance for goods or services it will receive in the future. These payments are recorded as assets on a company's balance sheet until the benefit of ...

Why Dividends Aren't Expenses A cash dividend is a sum ... Cash dividends reduce the size of a company's balance sheet and its value because the company no longer retains part of its liquid ...