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 Just need to know?
lets say 2 companies have the same name and their both big
in their areas lets say 2 ice cream stores... same title
both big..how do they decide who gets to keep the name?
A...


 What is a Dow Jones industrial average?
...


 Did Yahoo mess up BIG TIME by not accepting $33 a share?
I know a lot of this Microsoft-Yahoo merger rejection had to do with CEO Yang's pride, but how can Yahoo's board of directors so blatantly disregard the shareholders (and their own ...


 What is China's gross domestic product?
...


 How can I carefully tell my Boss to stop being a @#$%^?
ok My boss recently has started to be a total 8!+$# to me because I am doing better sales wise and in the customer service department. Now the question remains how can I tell my boss to back off ...


 Wal mart question ???
how old can you start to work in wal mart ???...


 Stock Market People?
When you see them on t.v working with so many other people, shouting and and going crazy trying to keep everything under control. It looks really cool. I want to be a stock market person? How do you ...


 Making Nike sneaks in Asia pays about $3 day, US price $120. New Balance pays US workers $10-12hr?
New Balance shoe price, $60. Half the price with triple the manufacturing cost. Could the Nike endorsed athletes who influence millions of US kids to buy their shoes, influence Nike to produce even 1...


 Want a promotion, but boss doesn't see needI?
I worked at a company for 6 yrs and they never promoted me to the level where I could bring the most to the job. In fact, they asked me to cover the reception area one day when they were in need (...


 Top franchise companies?
...


 What's the difference between a business day and a regular day?
...


 Is it true that GM and Ford are merging?
Or are General Motors and Ford Motors are forming some kind of a strategic alliance?
The reason given is shrinking market share....


 What is the difference between corp, inc. or ltd after a company name?
...


 What is retail?
...


 What does "separate legal persona" mean and why is it a benefit of incorporation?Thank You.?
This question deals with Scottish Company Law....


 All manufacturers theat move out of america should be banned from selling their products back to the usa or be
so heavily penalized that it wouldn't be worth the effort....


 Do you think whomever buys Chrysler will make it a viable company again ?
...


 Who is richest person Bangalore?
...


 Ladies: Why is this bothering me so much? Co-worker depressing me?
I work as a mail clerk at a company, I get lots of compliments, I am known for being a hard worker, but lately a co-worker of mine has been telling me some people (didn';t give names) think I...


 Is it illegal for a company that you work for to give out your home address to other employees without your pe
Is it illegal for the company you work for to give out your home address to other employees without your permission?...



scrampy_wing
Any accountant out there?
How to present corporate loss in the balance sheet
is it a deduction in retained earnings? What if there's no retained
earning? For instance a newly established corporation.
                     
 




boo's mom
If it is a new company and there is no retained earnings to offset the loss, then you will show the amount as a negative balance with the title Retained Deficit.

Also, if you are showing a Statement of Equity (or Statement of Income and Equity), be sure to label the Retained Earnings section as a Retained Deficit as well.

When there is enough profit to reverse the deficit, change the name back to Retained Earnings.


Jordan K
Rating
Lisamae9 is correct. Retained Earnings will have a deficit.


Sheepish TinTin
Rating
If there is no retained earnings, I suggest you reflect it under Accumulated Loss, under the Stockholder's Equity, as a negative amount, to reflect the Networth of the company.

When Net income will be incurred in the next fiscal year, Retained Earnings will be set-up up, thus the negative Accumulated Loss becomes a Net Loss Carry-Over...to be deducted or offset from the Retained Earnings.


siberfiber
Rating
You offset it with goodwill for an asset, a lot of it.

Then you depreciate it rapidly to offset your losses.

Isn't it great? And so simple...


uknownotlove
Rating
losses are generally taken out of gross profits if any....if there are no earnings then the loss will be treated as accrued and / or accumulated loss which will be taken from subsequent profits.


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