27-30, enacted April 9, 1866, was the first United States federal law to define US citizenship and affirm that all citizens are equally protected by the law. It was mainly intended to protect the civil rights of Africans born in or brought to America, in the wake of the American Civil War.This legislation was enacted by Congress in 1865 but vetoed by President Andrew Johnson. In April 1866 Congress again passed the bill.he activities of insurgent groups such as the Ku Klux Klan (KKK) undermined the act; and it failed to immediately secure the civil rights of African Americans. Since 1866 it has been illegal in the U.S. to discriminate in jobs and housing on the basis of race.
For example, a company might pay $500 a month in interest on a business loan while earning $45 in interest in the same time period in a business savings account.The total amount of net interest expense for that month would be $455. The net interest expense was a key metric to analyze as the company lends money as well as leveraging itself.
Home > Accounting Dictionary > A Terms > Accrued Expense. An accrued expense is a cost that is incurred in the current period but not paid for until the next period. In other words, its an expense that the company has benefited from but hasnt paid for or recorded yet. This is why an accrued expense is recorded as a liability at the end of a period. Its the amount of expenses owed to another company. The most common form of accruals is a monthly expense like rent or utilities that are consumed throughout the month and paid for on first of the following month. Lets take rent for example. The business benefits from the rent expense all month, but it doesnt actually pay for it until the next month.