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What else can I help you with?
Is owner's capital a current asset or other asset?
None!- Its liability.
When is an asset a critical asset?
When an asset's loss or unavailability significantly impacts the execution of one or more METs - and there are no other alternative assets that can be utilized to execute the MET.
Is stock a financial asset?
If stock means investment in stock of other company then yes it is fianancial asset for business.
What would happen to the other side of the journal entry with a decrease in an asset?
there should be increase in any other asset or decrease in liability or decrease in owners equity to balance.
What are non earning asset?
other assets and investment securities
Is owner's capital a current asset or other asset?
None!- Its liability.
Other terms of asset and liabilities?
asset= strengths liability= weaknessess
When is an asset a critical asset?
When an asset's loss or unavailability significantly impacts the execution of one or more METs - and there are no other alternative assets that can be utilized to execute the MET.
Is stock a financial asset?
If stock means investment in stock of other company then yes it is fianancial asset for business.
What is your best asset that the other applicants wont have?
Your personality is an asset that other candidates can't have. You want to make sure you leave a positive, lasting impression on your interviewer.
What would happen to the other side of the journal entry with a decrease in an asset?
there should be increase in any other asset or decrease in liability or decrease in owners equity to balance.
Treasury stock should be reported as a current asset investment other asset or reduction of stockholder's equity?
Reduction of stockholders' equity.
What are non earning asset?
other assets and investment securities
Is interest receivable considered an account receivable or other current asset?
It is considered a current asset as in it is not an account and should have a seperate t chart.
Why is cash an asset?
Balance sheet is always maintained as most liquid asset at the top, so as the cash is the most liquid asset of business that;s why it is shown right at the top before all other less liquid assets.
Where does loss appear on the balance sheet?
Loss is shown in asset side of business as other asset because it has debit balance and reverse of profit which has credit balance.
Would a credit card be considered an asset?
No. A credit card is not an asset, it is a liability because it is essentially money that you have borrowed from a bank, in other words, it's debt.
