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16 Dic

Classification of Cash Flows

Therefore, cash flows arising from the purchase and sale of dealing or trading in securities are to be classified as operating activities. Similarly, cash advances and loans made by financial enterprises are usually classified as operating activities since they relate to the main revenue-producing activity of that enterprise. Understanding the differences between cash flow and […]

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20 Lug

IRS Standard Deduction & Exemption Amounts 2024 & 2025

Check our One Big Beautiful Bill article for more information. Based on the 2024 tax brackets, Josh and Kristen owe $6,412 in taxes. However, they are eligible for the Child Tax Credit since they have two qualifying children as dependents. When that credit is subtracted from their tax liability, their total tax bill is reduced […]

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