Bearer bonds are no longer issued by the U.S. This ensures that bond owners receive all interest payments due and that stockholders receive their cash or stock dividends. They are anonymous and can easily be used illegally for money laundering and tax evasion. Bearer bonds aren’t issued in the U.S.,...
Bank Overdrafts: Bank Overdrafts: The Overlooked Factor in Current Liabilities
Since interest is charged, a cash overdraft is technically a short-term debt, and so should be identified as such on the balance sheet. If a company is in a cash overdraft situation as of the end of its reporting period, it should record the amount of the overdraft as a...