North Bay Hydro says $1.12 million write-off is accounting anomaly

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North Bay Hydro says $1.12 million write-off is accounting anomaly

For North Bay Hydro that threshold for past due accounts is $200,000. Payne says when the public considers that the local utility bills more than $70-million annual, the $73,000 write-off is very small. “It's less than half a per cent of our total billing,” he said. “The industry standard of what utilities don't
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How Finland solved an EU border conundrum

In a nutshell, it was done by reconfiguring the administration of, and accounting for, value added tax and excise duties for traders as for all practical purposes to cause the EU tax border to become invisible, while complying with the letter of the EU's regulations — which demonstrates that it is possible for
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China to surpass US economy by 2030, new report says

Two construction foremen take a smoke break outside a massive commercial and residential development site in Beijing, China. A new report by the Centre for Economics and Business Research predicts China will be the world's largest dollar economy in …
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YPF (YPF) & Royal Dutch Shell (RDS.B) Critical Comparison

Royal Dutch Shell (NYSE: RDS.B) and YPF (NYSE:YPF) are both mid-cap energy companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, earnings, valuation, analyst …
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MA program gets qualified opinion

However, due to the limited number of office personnel within the various county offices, proper segregation of the accounting functions needed for internal accounting control is not possible. “This is not unusual in operations the size of Aitkin County,” Knandel pointed out. “It is just something to be aware
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