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What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What is difference between personal assets and company assets?
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
How do you find the percentage of current assets to total assets?
percentage of current assets to total assets
What percent of US corporate assets are invested overseas?
Approximately 20-25% of US corporate assets are invested overseas. This includes investments in foreign corporations, real estate, and other assets outside of the United States.
Can a credit card that you had in your personal name but a lien on your corporate business account?
yes. the creditor can put a lien on anything that may be counted as your assets. if your corporate business account is one of your assets, the creditor can try to recover their money from that account.
The type of corporate ownership that has first claim on profits and assets is called a?
Preferred stock holders are those who have the first claims ob profits and assets.
Under what circumstances a court may hold shareholders liable for debt of a corporation?
When they personally guarantee corporate obligations or the corporate veil is pierced as a result of the shareholders failing to recognize corporate formalities and treat corporate assets as their own.
Corporate stock you own outright is this liquid assets?
They are moderately liquid assets. Even if you sell them today, it may take 2 working days for you to receive the settlement.
What is Reverse piercing of corporate veil?
Reverse piercing the corporate veil is the act holding a shareholder personally liable for the debts of the corporation and then (when taking his assets as damages) reaching into the assets of other corporations to which he is a shareholder. Normally when a corporation takes on too much debt and the creditors want their money, it goes insolvent (bankrupt). However, if the corporate formalities have not been observed (there was commingling of personal and corporate funds, there was a failure to maintain the corporate records, etc.) and adhering to the limited liability rules of corporations would promote injustice, a creditor can "pierce the corporate veil" and reach past the limited liability into the personal assets of the shareholder(s). However, if the personal assets of the shareholders are mostly stock in other corporations that have also taken too much debt, this doesn't help much (because the stocks wouldn't be worth much on the market and dissolving those other corporations means their assets would be paid to creditors before they can be distributed to the shareholders). In that situation, the court can "reverse pierce the corporate veil" and take the assets of the other corporations, bypassing the line of creditors.
What factors affect the long term source of finance?
Economy, assets, liabilities, corruption, and corporate failure.
What does professional limited liability co mean?
A limited Liability company is a Corporate variant wherein the investors enjoy legal protection of ones personal assets from the potential losses of the corporate venture.
Why should the user of a corporate form be able to shield personal assets in a way that a sole trader cannot?
why should the user of a cooperate form be able to shield his personal assets in a way that a sole trader may not
Can a director give a personal guarantee for a loan?
He can but should not. A personal guarantee defeats any corporate shield against seizure of personal assets.
What corporate characteristic causes the rate of return and rate of equity percentage to be different?
The total liabilities because Assets = Liabilities + Owner's Equity. Corporations can borrow money to finance their company, therefore however much you borrow affects assets and owner's equity.
What is difference between cashier and treasure?
A treasurer is in charge of managing and reporting corporate assets . A cashier handles very small cash transactions (like at a cash register in
