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Investing and Financial Markets

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What is the Gold Standard

What is Standard and Poors

What were greenbacks

What happens during a bank run

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Q: What happens to a convertible debenture after sale of assets?
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What are the journal entries for fixed asset sale?

1. Sale of Fixed Assets a/c .......dr. to Fixed Assets 2. In case of gain on transaction: Fixed Assets A/c. ........ Dr. to Profit on Sale of Fixed Assets In case of loss on transaction: Loss on Sale of Assets ..... Dr. to Fixed Assets A/c..


What is recoupment on sale of fixed assets?

annual provision made for the replacement of assets


What is sale of fixed assets?

Fixed assets are the assets of business concern. The value of these assets, except land, gets depreciated year by year and the allowance of such depreciation is availed for tax exemption purposes on a regular basis. When such the assets are sold for a consideration, it is called the "sale of fixed assets" and the gain / loss on sale of such assets is assessed based on the written down value as on the date of such transaction.


What is sale of asset?

Fixed assets are the assets of business concern. The value of these assets, except land, gets depreciated year by year and the allowance of such depreciation is availed for tax exemption purposes on a regular basis. When such the assets are sold for a consideration, it is called the "sale of fixed assets" and the gain / loss on sale of such assets is assessed based on the written down value as on the date of such transaction.


What will be the normal balance of loss on sale of debentures?

Loss on sale of debenture is a loss and like all loss accounts it has debit balance as normal balance.


What are proceeds from disposal of assets?

Proceeds from disposal of assets is equal to = Total cost of disposed assets- Accumulated depreciation related to assets disposed+ Profit on sale of fixed assets


Why land is called fixed asset?

fixed assets are those assets which are not intended to sale. If we sell those assets then our business will not survive.


Can you take a loss on a sale of a business asset?

Yes loss on sale of business assets is a normal things and mostly for obsolete business assets are sold on loss.


What is asset holdings?

non current assets held for sale


Are assets in a 401k in Florida protected from a foreclosure sale?

Yes


How do you sale a vehicle with no roof?

Under the convertible category on a used car website


What is the main distinction between inventory and plant assets?

In accounting, inventory is considered a "for sale" asset, plant assets are not.


What is sales of asset?

Fixed assets are the assets of business concern. The value of these assets, except land, gets depreciated year by year and the allowance of such depreciation is availed for tax exemption purposes on a regular basis. When such the assets are sold for a consideration, it is called the "sale of fixed assets" and the gain / loss on sale of such assets is assessed based on the written down value as on the date of such transaction.


What are the Journal entries for a sale of subsidiary?

There are several important journal entries for the sale of a subsidiary. These include: Fixed assets, current assets, current liability, deferred tax liability, and goodwill.


Is the sale of a company's assets taxable for city income taxes to the business selling the assets?

Depends on the city's tax code.


Can an executor sell a property included in the assets of an estate?

That is the job of the executor. The sale of assets is one of the jobs.


What auto manufacturers have convertible cars for sale?

There is a wide variety of automobile manufacturers that offer their cars in the convertible style, including, but not limited to Corvette, Mazda, and Honda.


What is the journal entry for the sale of a corporation?

Debit cash /bankdebit liabilitiesCredit assets


Do you depreciate an asset in the year of sale?

Yes assets are depreciated in year of sale upto the sale time in fiscal year of sale. IF asset is sold at start of year then there is no depreciation for that fiscal year.


What is the journal entry to record sale of donated assets?

[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx


Why sale of assets is known as revenue and sale of goods is not?

No, sales of goods is known as revenue because goods are maintain for the purpose of sales that's why it is called revenue while assets are maintained to use for the working of operation of business so if assets are sold then amount received from it is not called as revenue.


Where can one find a G6 Convertible for sale?

Your local 7-11 store should have some free Auto Trader magazines located near the newspaper stand. You should be able to find multiple cars for sale in addition to the G6 Convertible. The dealerships that list cars for sale will gladly show you the Carfax information.


What is replacement of fixed assets?

Replacement of fixed assets means to sale out the old assets and acquire a new one or replace old piece of asset with new one in exchange with same vendor.


What is asset restructuring?

Asset restructuring is the purchase or sale of assets that are worth more than 50% of a listed of a company's total or net amount of assets


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