The deposit for a booth at a future trade show is an asset until the trade show occurs.
Once the trade show occurs the deposit amount should be moved from the balance sheet asset account to an income statement expense account.
The deposit for a booth at a future trade show is an asset until the trade show occurs.
Once the trade show occurs the deposit amount should be moved from the balance sheet asset account to an income statement expense account.
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For the past 52 years, Harold Averkamp (CPA, MBA) has
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