As for the fourth quarter, Washington Mutual predicted that provisions would be $1.1 billion to $1.3 billion and that charge-offs would boost 20 % to 40 percent.
A balance sheet shows assets and how they are financed at a certain date it requirements to be supplemented by a document showing activity: sales, expenses and profit and loss for the accounting period just before the date of the balance sheet. Such a document is identified as the profit and loss account or the income statement. A enterprise license – This can be picked up for a couple of dollars at you local City Hall. Just speak to the license department and they will inform you the precise amount necessary. Income: An equity account which represents amounts consumers agree to spend you for the sale of goods or services.
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