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Liability
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Does business has an authority to declare itself insolvent?
Business BankruptcyWhen a business declares bankruptcy, employees must take three simultaneous steps to try to recover the amounts they are owed.
What is the amount a business earns over and above what it spends for salaries and other?
What is the amount a business earns over and above what it spends for salaries and other?
The owner's liability is limited to the amount of investment in the business?
Coorporation
How does one obtain a small business valuation?
One can obtain a small business valuation by calculating the amount of income the business received in a given year. Once this is known, one can have an estimate of what their business is worth.
What is the maximum amount of people allowed in a business partnership?
lun choc koti
Amount owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What is the amount owed to a business that are on a credit basis are considered a current asset on the book?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
A business paid 7000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to?
decrease in asset and decrease in liability
A business paid 9000 to a creditor in payment of an amount owed The effect of the transaction on the accounting equation was to?
increase an asset, increase a liability
I filed bankruptcy on the entire amount owed on my home will my ex only be reliable for half of what was owed since i filed on the entire amount owed?
Yes, Your ex should have the responsible for the half of what was owed.
Does a credit to a liability account increase or decrease amount owed?
It increases the amount owed, because creditors would be credited
What does Margin Balance mean?
A positive margin balance is the amount owed to you by the brokerage. A negative margin balance is the amount owed to the brokerage by you.
Can a person get a passport if back child support is owed?
If the amount owed exceeds the threshold, no.
If a vendor owes us money an a lien be filed against the business or the vendor himself the vendor is in California.?
I have a vendor in Rancho Cucamonga California that has owed my company money for a good amount of time. He wont answer my calls and I woukd like to be paid. Can I get a lien of some sorts on him or his shop for the amount owed with no penalty.
Debts owed by a business are referred to as?
Debt held by businesses is called Business debt.Liabilities of the business.
What is liabillity on an account?
The amount of money that is owed.
What is the amount owed to creditors called?
liability
