Accounts receivable (AR) have a direct link to revenues on the ... can also be a haven for off-balance sheet reporting of some expenses that are not transparently realized. Ownership in non ...

Financial statements include the balance sheet, income statement ... with cost of goods sold if the expense associated with the fixed asset is used in the direct production of inventory.

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.