Population of Italy. 1  Population: 58,133,509 approximately. 2  Age structure can be defined as: 0-14 years: 14.03%. 15-64 years: 65.93%. 65 years and over: 20.04%. 3  Growth Rate of Population: 0.68%. 4  Net Migration Rate: 7.5%.
BREAKING DOWN 'Equity Accounting'. The amount of undistributed profits that the corporation decides to document is generally equal to the percentage of equity it controls. In many cases, the profits of the affiliated company are never distributed to the corporation.
Expenses are the costs incurred to generate revenues. In other words, a firm records an expense when it disburses cash or promises to disburse cash for an asset or service used to generate income. A manufacturer would record an expense when it pays its employees for producing its products. Expenses accounts are equity accounts with a debit balance. Expense accounts are considered contra equity accounts because their balance decreases the overall equity balance. In other words, debiting an expense account increases the balance instead of decreasing it like most other equity accounts. Expenses are subtracted from revenues to calculate overall equity in the expanded accounting equation and calculate net income on the income statement.