Accumulated

With the winter storm season ramping up, rainfall across the state has begun to refill reservoirs. By Tuesday, water reservoirs were at about 64% capacity, well above the 30-year average of 55% for the month of December.After last year’s historically wet winter, many of California’s largest water stores were at or near capacity during the summer months of 2023. But over the last six months, the state has used up some of its stored water. The two largest reservoirs, Lake Oroville and Lake Shasta, dropped from nearly full…

Film: Nocturnal BurgerCast: Bebo Madiwal, Millo Sunka,Trupti Khamkar, Pushpendra Singh, Viraj Selot, Somnath Mandal, Vicky Shinde, Shrikant Mohan Yadav, Mukesh PachodeDirector/Writer/Co-editor : Reema MayaCo-editor: Rohan KapoorProducer: Michael Y. ChowCinematographer: Harshvir OberaiRating: 4/5Runtime: 28 mins After having its World premiere at Sundance Film Festival and winning 34 awards, Reema Maya’s internationally acclaimed short Nocturnal Burger about child abuse is now in consideration for Best Live Action…

Woman measuring a strand of shell beads in a photo taken in 1918. Credit: JOHN P. HARRINGTON/ public domain In a new study, researchers and members of the Muwekma Ohlone Tribe of the San Francisco Bay Area are the first to publish evidence of wealth-driven patterns in maternal investment among ancient populations. Ancestors of the…

Cryptocurrency investors are consistently looking for new ways to diversify their cryptocurrency portfolio with coins and tokens that can become a major force within the blockchain industry and provide them with solid returns. Recently, TMS Network (TMSN) has gained much attention from whales who began accumulating it, especially after it quickly completed the first stage of its presale. Ethereum (ETH) and Arbitrum (ARB) investors have begun accumulating this cryptocurrency as a result, and today, we will be exploring…

Throughout the broader Web3 space, there are over 23,000 cryptocurrencies for investors and traders to pick from. As such, it can be difficult to make the right decision. Most people will typically initially start with diversifying through the usage of well-established projects, such as Injective (INJ) and Aptos (APT). However, even these cryptocurrencies have recently begun to experience a decline in their value. As such, those who invested in the two altcoins have now diversified with a project in its presale period.…

RenQ Finance (RENQ) is a relatively new player in the decentralized finance (DeFi) space that has been gaining momentum recently.  Interestingly, it has caught the attention of a top Ethereum (ETH) whale, who was also an early investor in Shiba Inu (SHIB) and has started accumulating RENQ.  This move is significant and has caught the attention of many in the cryptocurrency space, as it suggests that RENQ may have significant potential and could be poised for a significant price increase. RenQ Finance (RENQ) Overview…

Hyundai Motor Group's accumulated electric vehicle (EV) sales in the United States exceeded 100,000 units last month, industry sources said.Hyundai Motor, its independent Genesis brand and Hyundai's smaller affiliate Kia Corp. had sold a cumulative 104,326 EVs in the USmarket as of the end of January, an industry official with direct knowledge of sales data said by phone.The three brands achieved EV sales exceeding 100,000 units in the US in eight years after it advanced to the world's most important automobile market…

Accumulated profit refers to a part of the firm’s net profit that is preserved by the firm for future growth. It is also known as retained earnings or undistributed income. Accumulated profits and reserves show the financial position of the company in the long run in terms of earning, saving, and investing such income. The main purpose of reserving the profit is to expand the business, diversify the business, and beat the competitors in the market. The accumulated profit is preserved in form of reserves like the General…

Similar to the case of retirement, the Executor of the deceased partner is entitled to receive the interest on capital up to the date of the death of a partner. The executor is also entitled to get a share of Goodwill and Accumulated profits and reserves.1. Adjustment of Interest on Deceased Partner’s Capital:Like any other partner, the representative of the deceased partner is entitled to receive the interest on capital till the date of the partner’s death.Accounting treatment :The interest is calculated on the amount of…

When the firm is reconstituted all the accumulated profit, reserves and losses are transferred to Partner’s Capital Accounts (if capital is fluctuating) or Current Accounts (if capital is fixed) in their old profit-sharing ratio. This is done because the reserves or accumulated profits/losses belong to the partners before the reconstitution of the firm (or change in profit-sharing ratio). Accumulated profit/losses, and reserves are distributed among the old partners in the old profit-sharing ratio.Accounting Treatment of…