Whether a tax is characterized in the statute imposing it as a privilege tax or an excise. tax is merely a choice of synonymous words, for an excise tax is a privilege tax.â) Thus, the excise tax now before us is, by more complete description, purportedly an. losthorizons.com.
Plantation FL, October 23, 2007âTradeStation Group, Inc. (NASDAQ GS: TRAD) today reported for the 2007 third quarter record net revenues of $40.3 million, record net income of $9.7 million, record earnings per share of 22 cents, and record daily average revenue trades (DARTs) of nearly 88,000.
Accrued Revenues. Accrued revenue occurs when you make a sale and collect payment at a later date. An adjusting entry to record accrued revenue increases the revenue account and the accounts receivable account by the amount of the sale. Accounts receivable shows the amount customers owe you.