The SI derived unit for volume is the cubic meter. 1 cubic meter is equal to 1000000 cc, or 33814.0225589 fluid ounce. Note that rounding errors may occur, so always check the results.Use this page to learn how to convert between cubic centimeters and ounces.he SI derived unit for volume is the cubic meter. 1 cubic meter is equal to 1000000 cc, or 33814.0225589 fluid ounce. Note that rounding errors may occur, so always check the results.
What is a 'Custodian'. A custodian is a financial institution that holds customers' securities for safekeeping to minimize the risk of their theft or loss. A custodian holds securities and other assets in electronic or physical form. Since they are responsible for the safety of assets and securities that may be worth hundreds of millions or even billions of dollars, custodians generally tend to be large and reputable firms.
What is a contra asset account? A contra asset account is an asset account where the balance will be either a credit balance or a zero balance. (A debit balance in a contra asset account will violate the cost principle.) Since a credit balance in an asset account is contrary to the normal or expected debit balance the account is referred to as a contra asset account. The most common contra asset account is Accumulated Depreciation. Accumulated Depreciation is associated with property, plant and equipment and it is credited when Depreciation Expense is recorded. Recording the credits in the Accumulated Depreciation means that the cost of the property, plant and equipment will continue to be reported. Reporting the accumulated depreciation separately allows the readers of the balance sheet to see how much of the cost has been depreciated and how much has ...