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What is the difference between current liability and total liability?
Current Liability: Current liability is a specific liability and it is short term and mostly it is paid within the year. Total Liability: Total liability is the sum of all liabilities like current liabilities, outstanding liabilities etc.
When is the property in a Marital deduction Q-tip trust taxed?
Tax is assessed on a QTIP trust upon the death of the second spouse. If the total estate of the second spouse (including the QTIP trust) does not exceed the exemption amount in effect at the time, then no tax will be paid. To the extent that the addition of the QTIP to the second spouse's estate causes tax liability, that liability should be paid by the beneficiaries of the QTIP trust.
Is the contingent liability added to the total liability?
Contingent liabilities are not added to total liabilities but shown as a note to financial statements that these are the liabilities that are contingent on certain event
What is the difference between total current assets and total current liabilities is?
the difference between total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '
What is the difference between net worth and total liabilities?
Net worth is the liability of the business entity to the owner whereas total liabilities is the total of all liabilities of the business entity. ( however normally when we speak of total liabilities of the business we may/can exclude the liability of the business to the owner)
How much money does flo on the progressive commercial make?
Total income surpasses the million dollar mark.
What is the difference between current liability and total liability?
Current Liability: Current liability is a specific liability and it is short term and mostly it is paid within the year. Total Liability: Total liability is the sum of all liabilities like current liabilities, outstanding liabilities etc.
Did lightning won the million dollar in total drama revenge of the island?
Yes, he beat Cameron in the finale, and won himself the million dollars.
How many ''Six Million Dollar man'' episodes do exist?
There are many "Six Million Dollar man" episodes available. The series consisted of five seasons and six TV movies, there were one hundred episodes in total.
How many would 4 million Quarters be?
While they would be very heavy, the dollar amount that they would total up to would be one million dollars.
If you have a million dollar umbrella and 100-300 on your auto insurance is your total coverage one million three hundred thousand?
It depends on your policy. Your liability coverage for an accident that doesn't involve your car is a million because of that umbrella policy. For an automobile accident, your total coverage is probably 1.3 million, but might be less because of an exclusion in either policy about duplicate coverage. That's not a common exclusion, though it is possible. It depends upon your policy. You should have received a copy of your policy when you paid for your coverage. If you don't have a copy, or don't understand it, call your agent or insurance company.
Did Whitney Houston put all her stuff in her daughter's name?
If by "all her stuff" you are referring to her estate, yes she did. In her will, Whitney Houston left everything in her estate (about $20 million total) to her daughter Bobbi Kristina.
When is the property in a Marital deduction Q-tip trust taxed?
Tax is assessed on a QTIP trust upon the death of the second spouse. If the total estate of the second spouse (including the QTIP trust) does not exceed the exemption amount in effect at the time, then no tax will be paid. To the extent that the addition of the QTIP to the second spouse's estate causes tax liability, that liability should be paid by the beneficiaries of the QTIP trust.
In California does one need to file a will if one total assets is less than 1 million?
Everyone should have a will unless they want the state to apportion out their estate AFTER they charge the estate administrative fees. See below related link:
Was Derek Sanderson ever the highest paid pro athlete?
Derek Sanderson was the first player EVER to sign a million dollar contract, however he didn't have the highest annual salary. The total worth of the contract was the most. For Example, A-Rod signed a 300 million dollar deal in baseball. If say Manny Ramirez signed a 2 year 65 million dollar deal, Manny would average more per season, while A-Rods total contract was more.
What are total liabilities?
is paid in capital a liability
Is the contingent liability added to the total liability?
Contingent liabilities are not added to total liabilities but shown as a note to financial statements that these are the liabilities that are contingent on certain event
