If your business has real property that is in foreclosure, generally accepted accounting principles, often called GAAP, require that these assets be disclosed separately in your accounting records.

The Commission on Judicial Nomination submitted seven candidates to Gov. Kathy Hochul for consideration for appointment as Chief Judge of the Court of Appeals after former Chief Judge Janet DiFiore ...

Any time your business has a claim against a debtor for a short-term extension of credit, you will use an accounts receivable entry in your financial records and send an invoice to request payment ...

Explore what short/current long-term debt is, how it’s reported on balance sheets, and its impact on financial health.

Rebecca Lake is a certified educator in personal finance (CEPF) and a banking expert. She's been writing about personal finance since 2014, and her work has appeared in numerous publications online.

When you get a loan — whether it’s a car loan, home loan, student loan, personal loan or loan from a family member — you assume a debt and become a debtor. According to the Federal Reserve Bank of New ...

Have you been pursued by debt collectors? Share your story here. But every two weeks, the Omaha, Neb. couple is reminded of a choice they didn’t make and can’t change: A chunk of both of their ...