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Your balance sheet will list any real estate ownership as an asset, and it's value will be balanced against the liabilities held against the title.
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∙ 10y ago
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If I file bankruptcy and I'm on the deed for my son's condo can they take the condo away?
Your interest in the condo will be considered part of your assets.
How soon after Chapter 7 bankruptcy can you have the title to a house or condo given to you?
Why should you get the title? If the debt is secured by the condo or house, you cannot get a discharge of that debt unless you surrender the asset in the chapter 7.
Is service rendered considered an asset or owner's equity?
an asset
what is a example of an asset?
Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.
What is an example of a current asset?
Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.
What is asset impairment?
Asset impairment is a financial term. When the projected worth of the asset is less than its current worth, the asset is considered to be impaired.
Is temporary investments considered an asset?
Yes... technically it would be a Current Asset.
Is an unpaid loan an asset?
No, it is a debt and therfore cannot be considered an asset. the only way to term it an asset is to be the lender.
Is withdrawal considered an asset?
It is a liability
Data is considered as an economic asset like landlabor and capital?
why is data considered as an economic asset like land, labour and capital
What is an example of assets?
Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.
What is fictitious asset?
A fictitious asset is a claimed asset that does not actually exist. It is considered fraud to claim a fictitious asset.
