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What else can I help you with?
How do you record an increase in a liability account?
Any increase is an credit for a liability
Do cash dividends become a liability to a corporation on the date of record?
No, cash dividends do not become a liability to a corporation on the date of record. The liability for cash dividends is established on the declaration date when the board of directors formally approves the dividend payment. The date of record is simply the cutoff date to determine which shareholders are eligible to receive the dividend. Thus, the liability is recorded only after the declaration.
Is unearned revenue a current liability when advance payment received for construction work?
no
What happens if you fail to record a liability?
if one faills to record a liabilt your whole income and balance sheet goes out of place
What is the detailed record of the changes in a particular asset or liability or owners equity called?
account
What is billings on construction in process?
It's a contra-asset account to construction in process. It's used to record periodic billings on a construction project.
Do I have to have liability insurance if I open a small construction business?
Yes, you are required to have liability insurance if you wish to open, and have licensed, a small construction business.
How do you record an increase in a liability account?
Any increase is an credit for a liability
Usually failure to record a liability means failure to record an?
Expense
Do cash dividends become a liability to a corporation on the date of record?
No, cash dividends do not become a liability to a corporation on the date of record. The liability for cash dividends is established on the declaration date when the board of directors formally approves the dividend payment. The date of record is simply the cutoff date to determine which shareholders are eligible to receive the dividend. Thus, the liability is recorded only after the declaration.
Which insurance companies offer construction liability insurance?
Some insurance companies that offer construction liability insurance include Goodman Insurance and Progressive. You can learn more about these companies and their insurance plans at their official websites.
How can I find quick construction liability insurance for comparison rates?
The best way to compare your interest rates with a competitor company is to go online to a construction liability website and put down your information vs your competitors.
When does a corporation record a dividend related liability?
on a declaration date
Is unearned revenue a current liability when advance payment received for construction work?
no
What is general liability classification code 91581?
Contractors-SubContracted work-construction
Definition of record drawing?
From the American Institute of Architects, Record Drawings are construction drawings revised to show significant changes made during the construction process, usually based on marked-up prints, drawings, and other data furnished by the contractor or architect. This term is preferable to "as-built drawings."
Failure to record a liability will probably?
result in a overstated net income
