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This equation holds true for all business activities and transactions. If assets increase, either liabilities or owner’s equity must increase to balance out the equation. These elements are basically capital and retained earnings; however, the expanded accounting equation is usually broken down further by replacing the retained earnings part with its elements. The shareholders’ equity …

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The salary you receive is based on a 40-hour workweek, although (if you are on salary) your wages are not determined by the number of hours you work. If you earn wages, you are paid for the actual number of hours you work. Your total pay can vary depending on the number of hours worked …

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Clients see, every day, the high standards, experience and deep knowledge resident in the firm. Our partners and managers are committed specialists; they have made meeting the needs of nonprofit organizations the heart of their careers. VMG’s Nonprofit Management Training accounting services for nonprofit organizations program offers an in-depth look at the inner workings of …

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