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Houses are the most liquid assets

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Q: Which of the following is a list of assets from most liquid to least liquid?
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Where can you get a copy of the form List of Assets - Inventory Rule 207.20c?

a secret place


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What is the format for capital expenditure budget?

The format for capital expenditure budget is to list all the expenditure with their estimates. The cost of capital assets and expenditure must be provided.


How do you figure your net worth?

Make a list of your assets: Make a list of all your assets, which should include cash, investments, real estate, automobiles, valuables, and anything else that has a lot of value. Evaluate your assets' worth: Give each asset its fair market value. Take into account the current balances of investments and cash. Take into account the market value of both automobiles and real estate. Professional evaluations may be required for valuables. Determine your obligations: Make a list of all your debts and obligations, including credit card balances, mortgages, loans, and unpaid bills. Determine the liabilities' total value: Take all of your outstanding debts and obligations and add them up. Determine your net worth by: Divide the total value of the assets by the total value of the liabilities. The subsequent figure is your total assets, addressing your monetary standing and the worth of your resources in the wake of representing obligations.


When you file for bankruptcy does someone come to your house to list all your assets and take all the things you did not list as exempt?

Actually, the laws have changed a bit since the 2005 Bankruptcy law was signed. Instead of the "yard sale" way of valuing your assets, you now have to value your assets at the amount it would cost to replace them today with items in exactly the same condition. For more information, see Findlaw's excellent sections on bankruptcy and the changes from the 2005 law. http://bankruptcy.findlaw.com/bankruptcy/bankruptcy-basics/bankruptcy-overview-overview(3).html#8B5C102F-3D8A-4836-A2A3D553A00E015E

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