An unborn child counts for making the student independent if the child will be born during the award year (July 1 to June 30) and the student intends to provide at least 50% support to the child during the award year. The student's dependency status should be updated regardless of when the pregnancy is discovered.
Undue Burden. Definition - What does Undue Burden mean? An undue burden is an obstacle that is intentionally and unfairly put in the way of a party that is seeking to exercise a constitutional right. Undue burdens are not permitted by law, and there are legal procedures for determining whether or not a burden is undue.
The Allowance for Doubtful Accounts, or ADA, also known as the bad debt reserve, is the method by which companies can anticipate the losses associated with bad debts. This is done by incorporating the ADA into Profit and Loss Statements (P&L). Read on to learn more about how to properly utilize the ADA.