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big boy
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∙ 11y ago
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What is an asset of a person?
An asset is some property or right having value owned by a person.
Does a surviving joint tenant pay inheritance taxes?
No. Joint property with the right of survivorship is a non-probate asset. It may help to think of jointly owned property this way: You both owned the whole property. When the other person died their interest in the property simply vanished. You already owned the property and so you "inherited" nothing.
Anything of value owned by the business?
Anything of value that is owned by a business is called an asset. This includes property, equipment, stock, or bonds.
Are cleaning supplies an asset or liability?
supplies that are owned owned = asset = asset
What is difference between asset and revenue?
An asset is a valuable property owned by a company, available to meet debts. Revenue is any income a company receives.
Is a home that is owned by two unmarried people in Pennsylvania exempt from a creditor judgment the debt is only from one person Both people live in the home?
No, the portion of the property owned by either is an asset available to creditors of that person. The court can force a sale and distribute the funds to the owners according to their ownership percentages.
Do you agree with the idea that someone can own intellectual property?
Intellectual property is a third party property being owned by a person or entity. This means that intellectual property can, in fact, be owned by someone.
What group of people had the right to in the colonial America?
White Men who owned property
Is a house considered an asset in probate?
If the property was solely owned by the decedent the estate must be probated in order for title to pass to the heirs-at-law.
What is a ideal slave?
The concept of an "ideal slave" is unethical and not acceptable. Slavery in any form is a violation of human rights and dignity. All individuals should be treated with respect and as equals, free from exploitation or oppression.
Is a building considered an asset?
If building is owned by business then it is asset of business while if building is acquired on rent then it is not an asset of business.
Which group established communities where all work is shared and all property owned?
communism
