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Is the sale of a company's assets taxable for city income taxes to the business selling the assets?
Wiki User
∙ 16y ago
Depends on the city's tax code.
Wiki User
∙ 16y ago
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Sales of assets definition?
selling products that you own in the business
The procedures designed to safeguard a companys assets and ensure efficient and appropriate account data are called?
the procedures designed to safegaurd a companys assets and ensure efficient and appropriate account data are called?
2 Revenues represents a. an outflow of assets resulting from the sale of goods or services b. assets received from selling products or services c. assets used or consumed in selling products or?
assets received fro selling products or services
How do you calculate selling price of the business?
There are different methods to calculate selling price of business as follows: 1 - Net assets method 2 - Price earning method 3 - Discounted cash flow method 4 - Intrinsic value method
Decrease in assets from purchasing companys own stock is what type of element of financial statement?
distributions to owners
Can you expand on what Digital coin transactions are taxable in Canada?
Various Digital assets-related activities like selling, converting digital coins to digital coins, gifting, and so on get taxed differently. Read some blogs at Netcoins Canada Exchange to learn more about digital assets tax in Canada
The difference between assets and liabilities is?
assets are what the business owned and liabilities are what the business owe.
What are assets liabilities and equity?
It is the basic accounting equation which shows the relationship of business assets toward liability and equity and it tells that all assets must generate enough money to pay all liabilities and owner's capital to be successful business.
What is the revaluation surplus?
Companies from time to time do the process of revaluating its assets and liabilities for many reasons like liquidation or selling business or any other reason. From the process of revaluation its assets and liabilities surplus or defecit generate. If there is revaluation surplus it means that assets of company has more appreciated then assets of the companies reduced in value.
Is owners equity equal to the business liabilities less the business assets?
No. Owners Equity is equal to Business Assets less Business Liabilities.
What person or store would be interested in buying many old genuine Tiny Diamonds that have been taken out of jewelry?
Selling these assets is the same as selling any asset: identify the market, know the value of your assets and how you are willing to price them for sale. The person or store that could be interested is probably in the business of crafting jewelery.
Is preliminary expenses is a administrative expenses or selling expenses?
Preliminary expenses are neither administrative expenses nor selling expenses rather these are classified as other assets in balance sheet and amortized over period of life of business.
