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Are unpaid cash dividends declared a liability of the corporation?
Wiki User
∙ 11y ago
I'd say it's more of a capital than liability, tho depends on your accounting standards.
Wiki User
∙ 11y ago
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What are some examples of liabilities?
a bank overdraft;a loan (short or long term);a mortgageany money you owe to your suppliers (creditors), (eg; an unpaid bill)in company law, "liability" can be "limited" or "unlimited"
Will delinquent property taxes on out of state property effect credit score?
Unpaid property taxes in Florida result in sales of Tax certificates. I have found that the liability is against the property and unpaid taxes are satisfied by a lien against the property. I can't find anywhere the answer as to whether the Taxpayer is not reported to the credit bureau. it seems to me that since counties get the money a different way (investor in the tax certificate) they are not at loss and because the liability is against the property, the owner of the property's credit is not affected? Can someone confirm? Tx CB, Ormond Beach, FL
What is unpaid mortgages?
An Unpaid mortgage is a mortgage that has not been paid
Can a bank attach a unpaid balance to real estate?
Not in Texas. If the unpaid balance is related to your Mortgage then the answer is yes. In this case your home will be foreclosed. an unpaid balance will eventually be reported to the credit bureau.
Will credit card debt go away after 7 years if unpaid?
No it will not go away in 7 years if it is unpaid. If debt is lft unpaid, the interest rates will continue to go higher and higher.
Can pay dividends even there is an unpaid subscribed capital stock?
cash dividends due on delinquent stock shall first be applied to the unpaid balance on the subscription, plus costs and expenses. stock dividends shall be withheld from the delinquent stockholder until his unpaid subscription is fully paid.
What is a limited company?
A limited company is a corporation, In legal terms the company or corporation is a separate person from its investors. If it goes bankrupt, its investors lose their investment but cannot be pursued for the corporation's unpaid debts. Their liability is limited to their investment--hence, "limited" company.
Claiming of unclaiming unpaid divided?
Claiming and not claiming unpaid dividends are when you have paid a debt. Once you have paid a debt it is is claimed.
What preference share is characterised by the property that should any dividends go unpaid those dividends must be paid before any future ordinary dividends?
cumulative preference share :)
Where does dividends belong in the elements of financial statements?
Dividends are subtracted from retained earnings at the end of the period. Dividend is a distribution of profit to the shareholders. Net income is either retained within the firm (used to fund growth), or paid out as a dividend. Retained earnings (profits that are retained) increases with net income, and decreases with dividends. Dividends is therefore included on the statement of retained earnings (the actual name of the statement may differ, for example it may be called 'movements in equity'). There may be a liability 'dividends payable' on the balance sheet. This is the unpaid portion (still payable) of the dividends at year's end. It is not safe to assume this equals total dividends (as some portion could already been paid).
Is an unpaid invoice for stock purchased an asset?
Until it's paid it's a liability.
What are the different classification of Partners as to liability.?
General partners have unlimited liability. Limited partners are only on the hook for their investment in the business or the unpaid part of the investment.
What is the meaning of unlimited company?
A business can be carried on by an individual (as a sole proprietor), a partnership, or a corporation. The word 'limited' means that the liability of a shareholder for the unpaid debts of a corporation is limited to the amount of money the person has invested in the corporation. The person can lose his or her investment if the corporation 'goes under' but the creditors of the corporation can't make the shareholder 'pony up' for any more. The word 'company' simply indicates that there is more than one person involved. It is an imprecise word that is in general everyday use, and has no special meaning in corporate law. It does not, by itself, indicate a limited liability corporation. Frankly, it would be best to avoid the use of that word, since its meaning can be misleading. When you referred to 'unlimited company' you probably intended to refer to the concept of 'unlimited liability.' If a business which is being carried on as a sole proprietorship or a partnership is not incorporated, and 'goes under,' the proprietor or partners are personally liable for the debts of the business.
Expenses incurred but unpaid that are recorded during the adjusting process with a debit to an expense and a credit to a liability are?
An accrual.
Incurred but unpaid expenses that are recorded during the adjusting process with a debit to an expense and a credit to a liability are?
An accrual.
What does the word Limited stand for in Private Limited Company and Public Limited Company?
The word "limited" stands for "limited liability". This means that the liability of a shareholder in a company for the company's debts (for example, in an insolvency or liquidation scenario) is "limited" to any unpaid capital on their shares. In most cases, there will be no amount unpaid (ie. a fully paid share) and so no liability of a shareholder for the company's debts.
If your corporation file bankruptcy how will it aafect you personally?
If you have unpaid wages, then you need to attend the meeting of creditors as stipulated by the trustee.
