It means the number is negative. It's an alternate way of showing negative numbers versus prefacing with a negative sign (-)
In some cases, a negative value also has a different name. For example you'll often see
Net Profit (Loss) : (10,000)
Where the parentheses means that it was a loss and not a profit. Mathematically it's the same as a "negative ...
You could also consider obtaining a Bank Letter (or Proof of Funds Letter) instead of using a monthly statement. American University has some sample documents on their site to show what can be used to demonstrate financial ability. Screenshot of the sample letter in case the link breaks in the future:
It may be safe to do so but still reveal stuff that you don't want to reveal and which they have no real need to know. For instance if your statement reveals you spent money at a sex toy shop it's probably "safe" to reveal that but it might be embarrassing or awkward and it's not really any of the school's business.
I would talk to your contact at ...
This is several questions wrapped together:
How can I diplomatically see the company's financial information?
How strong a claim does a stockholder or warrantholder have to see the company's financials?
What information do I need to know about the company financials before deciding to buy in?
I'll start with the easier second question (which is quasi ...
Looking at your dates, I think I see a pattern. It appears that your statement closing date is always 17 business days before the last business day of the month. For example, if you start at May 31 and start counting backwards, skipping Saturdays, Sundays, and May 30 (Memorial Day), you'll see that May 5 is 17 business days before May 31. I cannot explain ...
I'd love to see if someone can find a convincing origin story for the practice, but I believe it became adopted simply because parenthesis stand out more than a negative sign.
Think of a hand-written ledger or balance sheet, an errant dot of the pen could look like a minus sign, or a narrow column could leave too little space for the minus sign to be ...
The section "Cash Flows - operating activities" starts with "Net earnings" which includes both cash and non-cash items. The non-cash items have to be adjusted with the opposite sign used in the income statement to take their impact on net earnings out of the cash flow statement. The goodwill impairment showing here is undoing its effect on net income. It is ...
You asked three specific questions:
Is this possible?
Basically, no. This is literally not possible. The highest-limit prepaid debit cards in existence in the US right now have limits around $15,000. It is, quite literally, not possible to get a prepaid card for $950,000. For that amount of money, you're very deep into the territory of running afoul of ...
They had a lot of free advertisement on the international press and the web.
People like me, who never heard of GameStop before, now know what they sell (used games, consoles, etc.), how they do it (at physical stores, but planning to sell more online), that they have many fans, the usual value of their stock, that they are having to close stores, and much ...
With an extended first period the formula for a loan can be derived like so.
For illustration, only four periods are shown in this diagram. The OP's loan has 36 periods.
pv is the present value of the loan
c is the periodic repayment amount
r is the periodic interest rate
n is the number of periods
x is the fraction of a period by which the first period ...
It's not "necessary" to use accrual. It's just an option. Unless someone -- a government agency or whomever -- is telling you that you have to. In the United States, when you pay federal taxes, you can choose to do it based on cash accounting or accrual accounting. There are limits on how often you can switch. (I presume to prevent a business from ...
Goodwill is essentially the additional intangible value of an acquired asset. At some point GE bought something for $100 when the book value was only $90, as a result (to balance the accounting) a $10 goodwill entry appears.
This is a great example of what makes financial analysis an art not a science. Reported financial statements are one part business ...
Signs it's a scam:
1) They've never met you and yet trust you to handle nearly a million US dollars worth of their funds. I don't know about you, but if I had that money, I would not be trusting a random stranger. I could afford to use a trustworthy bank who would lose a lot more than a million dollars if they stole it and got caught. If it seems to be too ...
Accrual accounting means revenue and expenses are recognized and recorded when they occur, while cash basis accounting means these line items aren't documented until cash exchanges hands.
Cash basis accounting is easier, but accrual accounting portrays a more accurate portrait of a company'...
The revenue was adjusted because of discontinued operations:
In 2019, eBay sold its StubHub business.
In 2020, eBay sold its Classifieds business.
2018 revenue (in billions)
10.746 - 1.083 - 1.013 = 8.650
Revenues from discontinued operations were subtracted to make the 2018 revenue more comparable with the 2020 revenue.
This is in the balance sheet, but the info is not usually that detailed. It is safe to assume that at least some portion of the cash/cash equivalents will be in liquid bonds. You may find more specific details in the company SEC filings (annual reports etc).
10-Q is the quarterly report, and accordingly is filed quarterly. Similarly, 10-K is the annual report.
8-K is a general form for notification of material events. It is filed every time a material event is required to be reported to the shareholders. It may accompany the periodical reports, but doesn't have to. It can be filed on its own.
If you're only ...
I was wondering how do we calculate the total capital of a company? Which items should I look for in the financial statements?
Total capital usually refers to the sum of long-term debt and total shareholder equity; both of these items can be found on the company's balance sheet. This is one of the calculations that's traditionally used when determining a ...
Inventory costs would go into the Inventory account; which is not on the P&L, it is a balance sheet account. Once a sale is made, the cost of that sale is posted to Cost of Sales and offset against your Inventory balance.
So in your case, the Cost of Sales will be $0.
Generally the reports are going to be different. Although there is certainly some room for companies to intentionally account for things in ways that boost shareholder profits and minimize taxes, however, that is a very small reason for the difference. Among the major reasons
When companies report earnings to investors, they're reporting consolidated ...
Focusing on the balance sheet, as you requested, an orderly decrease in value of the asset (depreciation) is handled within the Assets section:
... accumulated depreciation is a contra-asset account, meaning it
offsets the value of the asset that it is depreciating. As a result,
accumulated depreciation is a negative balance reported on the balance
They need to spread the work for all customers over the whole month, and they don't work on weekends.
Combine the two, and the rule becomes clear - if months have minimum of N working days, 1/N of all customers gets set on each day. You seem to be on day 5:
If the month starts with a Monday, the fifth working day is the 5. (Friday); if there is a Sat or Sun ...
Check the statute of limitations in your State, but generally running bills include starting balance. So in case of a utility bill - it will show a non-zero balance carrying forward if you didn't pay your previous bill. They will generally not come out of the blue 5 years down the road claiming you didn't pay a bill - they'll nag you about it every bill they ...
IB's statements are a PITA and will make you want to pull your hair out, if you have any.
I don't know what's going on from the info you posted. But let's take a stab at it.
The upper highlighted box containing 36.08 is simple. It the 21 shares times the dividend rate of 1.71816941. They are withholding 5.41 so your net amount is 30.67 . That's the ...
They are planning to perhaps make ARAMCO a publicly traded company.
In order to do that, it's practically impossible at the same time to hide the financial statements. People won't invest in a public company without knowing its financials.
So, even though ARAMCO is currently not a publicly traded company, someday it could be.
A company's share price typically has 2 impacts on its internal operations:
(1) If it needs additional funding to accomplish its goals [like expanding to new locations], then it could do that by (i) waiting for accumulation of net earnings to fund expansion; (ii) take on more debt; or (iii) offer additional equity [like more shares offered to the market].
If the account is not dollar-denominated, I would say it does not make sense at all to have dollar-denominated statements. Such a statement would not even be accurate for any reasonable amount of time (since FX rates constantly fluctuate). This would be a nightmare for accounting purposes.
If you really need to know the statements in USD, I think the best ...