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In the event of firm dissolution the first claims on its assets belongs to?
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What is the assest?
I think that is asset.Asset is any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property. On a balance sheet, assets are equal to the sum of liabilities, common stock, preferred stock, and retained earnings. From an accounting perspective, assets are divided into the following categories: current assets (cash and other liquid items), long-term assets (real estate, plant, equipment), prepaid and deferred assets (expenditures for future costs such as insurance, rent, interest), and intangible assets (trademarks, patents, copyrights, goodwill).Assets have three essential characteristics:1- The probable present benefit involves a capacity, singly or in combination with other assets, in the case of profit oriented enterprises, to contribute directly or indirectly to future net cash flows, and, in the case of not-for-profit organizations, to provide services;2- The entity can control access to the benefit;3- The transaction or event giving rise to the entity's right to, or control of, the benefit has already occurred.
What can trust companies do for a person?
Trust companies exist essentially to work as representation for an estate or a family in the event of a death or other calamity. In terms of what they provide for individuals, trust companies function to administer financial assets, while also managing funds, records, and pay bills for that person or estate.
What happens to loans or lines of credit if an issuinglending bank claims bankruptcy?
All outstanding loans with any bank is part of their balance sheet and when a Bank insured by the FDIC declares BK, the FDIC will take over and manage the loan. If the loan is owned by a Lending Istitution or creditor not controlled by a federal agency, most assets (which is what companies consider a loan that is being collected upon) will be sold to another lending institution. In the event that the company goes under and your loan is not purchased by another institution, you would have to review your collateral (ie: house, car, boat etc) carefully, becasue it may casue you issues in trying to sell it in the future.
What is a current world event?
A current world event is...never mind about that...
Why Do Small Businesses Prefer Unsecured Business Loans?
Obviously, a small business needs the loan that isn’t a risk to their assets/resources in the event that they default. The alternative lending market is built on the needs of borrower, so they form unsecured business loan. There are plenty of different reasons why P2P/B2B is better for businesses than traditional loans, but that is one of the best.
In the event of a firm's dissolution the first claim on its assets belongs to whom?
bondholders.
In the event of a firm's dissolution the firm claim on its assets belong to?
bondholders.
What is a springing lien?
Jurisdiction: USA Legal claims against assets that comes into being upon the occurance of a future event
What is the main goal of the limited company?
to protect the owners from unlimited liability in the event the company has more debts than assets. The limited company protects the share owners from any claims on their personal assets or income.
When saccharine dissolves in water what is this event called?
Dissolution (in water).
What do you mean by liabilities?
Any amount which is returnable by the company to it's owners or outsiders on the event of dissolution of company that amount is called liability of company
What the definition of assets?
An asset is a resource controlled by an entity (ie. the entity is entitled to the benefits or can restrict use of the asset) as a result of a passed event (ie. signing of a contract) from which future economic benefits are expected to flow to the entity to whom the asset belongs.
When there is a Dissolution of a partnership how is the goodwill recorded in the realization account.?
when there is any goodwill on the event of dissolution of a firm as like other assets realised the recording of goodwill is same of that.for examplelets take debtors and goodwillrealization a/c debitdebtors a/c creditwhen realisedcash a/c debitrealization a/c creditthe entry will be same of goodwill as debtors realisedusually goodwill is not shown on the balance sheet. so it is not closed to realization account.entry of goodwill realizedcash a/c debitrealization a/c credit
When there is a Dissolution of a partnership how is the goodwill recorded in the realization account?
when there is any goodwill on the event of dissolution of a firm as like other assets realised the recording of goodwill is same of that.for examplelets take debtors and goodwillrealization a/c debitdebtors a/c creditwhen realisedcash a/c debitrealization a/c creditthe entry will be same of goodwill as debtors realisedusually goodwill is not shown on the balance sheet. so it is not closed to realization account.entry of goodwill realizedcash a/c debitrealization a/c credit
What historical event gave the Spanish an advantage in their claims?
To answer this question properly, I would need to know which set of Spain's claims you are referring to. Do you mean their claims to naval superiority? Or their claims to property in the New World?
What do you mean by liabillity?
Any amount which is returnable by the company to it's owners or outsiders on the event of dissolution of company that amount is called liability of company
What are the Inheritance laws in California?
If there is a will, the will be followed. In the event that a will has not been made, assets are passed equally among children, parents, siblings, spouse, and grandparents, if no relatives are found, the assets go to the state.
