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Is it true all long term liabilties become current liabilities?
Long term liability becomes the current liability in that year in which it is to be cleared so Yes, long term liability become current liability.
Is Bad debts an asset or liability?
Neither, a bad debt becomes an expense on the P&L. the provision created against this is liability
Is proposed dividend a current liability or current asset?
Proposed dividends are considered a current liability. Once a company's board of directors declares a dividend, it becomes a legal obligation for the company to pay that amount to shareholders, typically within the next accounting period. This obligation is recorded on the balance sheet as a liability until the dividend is paid.
What are the disadvantages of labor turnover?
lose of contact as when the employees leave it becomes difficult to build another relationship. lose of trained employees with skills and experience. expenses are incurred while training a new person to fill the vacancy.
Is inventory an asset or liability?
Basically Inventory is valuated an asset. You keep inventory to service your customers and to smoothen production by purchasing semi-finished stuff. Inventory ties up your working capital hence the objective is to return your investment as soon as possible. A good measurement is the ratio of inventory turnover. Inventory becomes a liability when the life cycle ends either by becoming obsolete/discontinued or by means of expiry. Write offs are valuated as liabilities.
Is it true all long term liabilties become current liabilities?
Long term liability becomes the current liability in that year in which it is to be cleared so Yes, long term liability become current liability.
Is Bad debts an asset or liability?
Neither, a bad debt becomes an expense on the P&L. the provision created against this is liability
What is an energetic government?
That is when the government takes over and becomes a nanny state.
How does a government involved in a centrally planned?
The type of government determines how a government becomes centrally planned.
Does a declared dividend become a liability if not paid?
Yes, once a dividend is declared by a company's board of directors, it becomes a liability on the company's balance sheet, even if it has not yet been paid. This liability reflects the company's obligation to distribute the declared amount to shareholders. If the dividend is not paid, it remains a liability until it is settled or canceled, impacting the company's financial statements.
Why are nerve strikes not allowed in Mixed Martial Arts rules?
the chance for serious injury is too great and it becomes a liability issue
What does prepared dessert gelatin contain which becomes unable to separate from the food?
Pigs trotter is boiled and put into gelatin
What rights do people have when their government becomes destructive?
They have the right to alter or abolish the government by whatever organ best suited to the accomplishment of that task.
What happens when a boat is written off by an insurance company?
When a boat is written off, it becomes salvaged, usually it is destroyed to prevent further liability.
Why don't schools allow snowball fights?
Ice in the snow that could cut peopleRocks, etc. in the snowIt basically becomes a liability issue.
What is the name of a government assassin who becomes a dark superhero?
SPAWN
That whenever any form of government becomes destructive of these ends it is the right of the people to alter or to abolish it and to institute new government...?
The quote, "That whenever any form of government becomes destructive of these ends, it is the right of the people to alter or to abolish it, and to institute new government" is found in the Declaration of Independence.
