answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: This type of balance features unlike on either side of an imagianry line?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What type of balance involves a balance of unlike objects or elements -sometimes known as asymmetrical?

the answer is informal


Do you pay income taxes on rental forclosed property?

Possibly. It depends on your basis, how much depreciation you have claimed, whether the loan is recourse or non-recourse, and whether the bank is canceling the unrecovered balance of the loan. A foreclosure is treated as if you sold the property to the bank. On a recourse note, it is treated as if you sold the property for the fair market value at the time of foreclosure. On a non-recourse note, it is treated as if you sold it for the balance of the loan. (I am assuming the loan balance is more than the value of the property, otherwise you would have just sold the property and paid off the loan, right?) On a recourse note, if the bank decides not to pursue a deficiency judgment against you, then the cancelled debt (the difference between the FMV and the balance due) is taxable ordinary income (unless you meet the insolvency or bankruptcy exceptions). You'll also need to recapture depreciation, just like on an ordinary sale. Unlike a homeowner whose personal home is foreclosed upon, you will be able to claim a capital loss.


Advantages of computerization?

There are various advantages associated with computerization. For example, unlike hard copies, computer files can be backed up at multiple locations.


What do you mean by recurring expenditure?

A recurring expenditure is one which you have to keep paying over and over, like rent. It is unlike capital expenditures which you only have to pay once.


What is the Canadian equivalent of form 1099?

I guess a T1. But unlike in the US, we Canadian businesses don't have to issue T1's to contractors and services providers, etc. Just to employees.

Related questions

This type of balance features unlike objects on either side of an imaginary line.?

;


This type of balance features unlike objects on either side of an imaginary line?

This is referred to as asymmetrical balance. It involves arranging dissimilar elements in a way that creates visual equilibrium through factors such as color, shape, and texture.


This type of balance feature unlike objects on either side of an imaginary line?

;


What type of balance involves a balance of unlike objects or elements sometimes known as asymmetrical?

the answer is informal


What type of balance involves a balance of unlike objects or elements -sometimes known as asymmetrical?

the answer is informal


What are the main features of a Sony A700 camera?

The Sony A700 was first released in September of 2007. This camera, unlike other Sony cameras, lacks a dedicated LCD for displaying camera settings. Some of the main features are: auto focus, white balance, and view finder.


What special features does a sphere have?

unlike other shapes a sphere is round


What is the meaning of dissimilar?

Not similar; unlike; heterogeneous; as, the tempers of men are as dissimilar as their features.


What are the physical features that make the Southern Hemisphere unlike the Northern Hemisphere?

the countries


Can you do tap dancing if you are over weight?

Yes. Unlike ballet, tap does not require much balance.


What are the special features of a sphere?

Unlike other shapes,a sphere has 0 faces,edges and vertices


What does the word off balance mean?

It means being unstable. For example, if you hit a pothole while in your car, the car will be unstable. Either that, or off balance could also mean unpreparded, or surprised. An example for that would be like a teacher. If a teacher gives the class a surprise pop quiz, the class will be off balance by the fact that the teacher didn't tell them first. Off balance is a verb, because in both defenitions, off balance is an action word. Unlike a noun, a person, place, or thing, or an adjective, or an adverb. Basically, off balance is unstable or unprepared. This is what off balance means.