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yes , to Mr Ram Shelat
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∙ 11y ago
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Can a dissolved corporation sue someone for payment?
If you had a debt with a corporation, then it was an asset (like a building, chair, computer, company car, etc). At the time of dissolution, the corporation sold its assets, including debts owed to it. You legally owe the agency or assigns that purchased your obligation.
When an asset is sold a gain occurs when the?
Gain on sale of asset is occured when actual value of asset is less then the sale value of asset.
Is fixed deposit an asset?
Yes. An Asset is something that has a value and can be sold/converted to cash.
Is Cost of goods sold an asset or liabilities or equity?
Cost of goods sold is current asset until it is sold and generate sales revenue and shown under current assets portion of balance sheet.
Formula for net revenue?
asset -cost of goods sold
What is it ticker of Pharmion Corporation?
Pharmion was sold to Celgene Corporation, which is ticker symbol "CELG"
When is a gain on disposal of an asset recorded?
A gain is recorded when the asset is sold for a price greater than the assets book value.
When did Melville Corporation end?
The Melville Corporation was sold to CVS Corporation in 1996, effectively ending its existence as a separate entity.
How does product cost become an asset and than an expense?
when units of inventory are sold
Who sold kessler arms shotguns?
Kessler Arms Corporation
What is hair cuts in banking?
Hair cut is the percentage subtracted from the face value of an asset being sold - hair cuts rise with the underlying risk of the asset.
What is scrap value?
The estimated value at which an asset is expected to be sold after the end of its useful life.
