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What documents could be used to represent claims to financial assets?
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The claims of creditors against the assets are?
Liabilites
Is sister responsible for deceased brother debt if no will and claims him as tax dependent?
It will depend on whether she was listed in the debt documents. In most cases the estate will be responsible and if there are not enough assets, the debt goes unpaid.
The difference between recognition and realization?
Realization: when sold and coverted to cash (or claims to cash) Recognition: when recorded in the financial statements.
Why the accounting equation must always balance?
The accounting equation used in business must always be kept in balance - the assets on one side of the equation must equal the claims against the assets on the other side:Assets = Liabilities + Owners' equityThese claims arise from credit extended to the business (liabilities) and capital invested by owners in the business (owners' equity). The claims of liabilities are significantly different than the claims of owners; liabilities have seniority and priority for payment over the claims of owners.Suppose a business has $10 million total assets. The money for the assets came from somewhere. The business's creditors (to whom it owes its liabilities) may have supplied, say, $4 million of its total assets. Therefore, the owners' equity sources provided the other $6 million.Business accounting is based on the two-sided nature of the accounting equation. Both assets and sources of assets are accounted for, which leads, quite naturally, to double entry accounting. Double entry, in essence, means two-sided. It's based on the general economic exchange model.In economic transactions, something is given and something is received in exchange. A common example involves a business that borrows money from its bank. The business gives the bank a legal instrument called a note, promising to return the money at a future date and to pay interest over the time the money is borrowed. In exchange for the note, the business receives the money.
Describe the stockholders liability to creditors of a corporation?
A corporation's creditors usually do not be past the assets of the corporation to satisfy their claims. The most a stockholder can lose financially is the amount he or she invested.
What is the Difference between financial markets and physical asset markets?
By, Mohammad Shiran Khan. Physical assets are more stable in nature like plant, machinery, tools, land, building e.t.c where as financial assets are paper or electronic claims include shares, bonds, marketable securities some issuers are govt or corporate body. financial assets are used to purchase Physical asset. and financial assets get more returns when compared with physical assets financial assets liquid in nature.
What is common size balance sheet?
A common size balance sheet is a type of standardized financial statement that completely lists all of a firms specific assets, liabilities, and equity claims as a percentage of a firms total assets.
The claims of creditors against the assets are?
Liabilites
Is sister responsible for deceased brother debt if no will and claims him as tax dependent?
It will depend on whether she was listed in the debt documents. In most cases the estate will be responsible and if there are not enough assets, the debt goes unpaid.
Is Genworth Financial a bank or what?
Genworth Financial claims to help with retirement, insurance, long-term care etc. Genworth Financial also claims to help you and your family gain financial help.
Is this true or false territorial claims are to be put aside and claims not recognised?
The Antarctic Treaty documents claims, recognizes none, and prohibits additional claims.
What are the primary assets and liabilities of a commercial bank?
Loan assets and investment assets are the primary assets of a commercial bank. Deposits and borrowing are liabilities also known as claims to a commercial bank.
Is a patent a real asset?
Yes, a patent is a legal document describing claims to an invention, making it intangible rather than a physical object having any inherent value.
Can stockholders' equity be described as claims of creditors on total assets?
yes
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.
Which court allows citizens to sue the government for financial compensation?
Court of federal claims A+
Small claims court is a place for what?
People to resolve financial Differences
