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When a company's liabilities exceed its assets it is considered to be what?
Insolvent
What's the relationship between current liabilities and current assets?
Solvency. A company is considered solvent if it's current assets exceed it's current liabilities. A company is considered to be insolvent if their current liabilities exceed their current assets.
Does a company whose current liabilities exceed its current assets have a liquidity problem?
Obviously yes
A pension asset is reported when?
pension plan assets at fair value exceed the projected benefit obligation.
What is it called when your expenses exceed your income?
UNSUCCESSFUL
When a company's liabilities exceed its assets it is considered to be what?
Insolvent
When a company's liabilities exceed its assets is considered to be?
Insolvent
What's the relationship between current liabilities and current assets?
Solvency. A company is considered solvent if it's current assets exceed it's current liabilities. A company is considered to be insolvent if their current liabilities exceed their current assets.
If you have assets in your home can you be force to sell it if you file bankruptcy?
If the value of the assets greatly exceed the allowable exemptions, then yes they can be seized.
Which of the five Cs of credit require that a person's assets exceed his or her liabilities?
capacity
Am I responsible for my husband's debt in NY?
You do not have to do it out of your own pocket in New York. If you are the executor of the estate, yes, insomuch as there are assets to pay them with. If the debts exceed the assets, you may have to sell the house or other assets.
Does a company whose current liabilities exceed its current assets have a liquidity problem?
Obviously yes
Who is an insolvent person?
An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account
When a nation's exports exceed its import what is it called?
When a country' import exceed it's export is called Deficit then when a county's export exceed it import is called surplus.
Am I responsible in any way for my deceased husband's medical bills in OK?
Not directly, but indirectly. If you are the executor of the estate, yes, insomuch as there are assets to pay them with. If the debts exceed the assets, you may have to sell the house or other assets.
A pension asset is reported when?
pension plan assets at fair value exceed the projected benefit obligation.
Can an insolvent person sign cheque?
An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account.
