0
What else can I help you with?
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What is difference between personal assets and company assets?
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
How do you find the percentage of current assets to total assets?
percentage of current assets to total assets
What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
What is the AJE to release temporarily restricted net assets?
The AJE (Adjusting Journal Entry) to release temporarily restricted net assets involves debiting the temporarily restricted net assets account and crediting the unrestricted net assets account. This adjustment is made when the restriction on the funds has been met, allowing them to be used for general operations or other unrestricted purposes.
What is Unrestricted Net Assets in your audited Financial Statement?
The difference between assets and liablities are net assets. Per new reporting requirements it is necessary to further distinguish this value. The new reporting standards require that net assets be separated into 3 catagories. Invested in capital assets, net related debt, restricted and unrestricted. The section of invested in capital assets starts with your capital asset value less accumulated depreciation. The capital assets have to be further reduced by the debt held related to those assets. This could be bond issues or donations for capital assets. It is important to remember that other balance sheet items realted to your investment, unamortized prem or discount on the bonds and issuance costs shoud be included in the value. Accrude interest payable is exclude here because its a current liability, and thus will require current assets to retire. Any part of the debt not yet expensed to purchase capital assets should be moved to the second section, restricted for capital projects. Another element of the restricted area includes items retricted "legally" for payment. This would included accrude interest payable on the bonds outstanding. Per the standard if your debt exceeds capital assets acquire the value should be zero. Only positive amts, or zero will be shown in all sections accept for unrestricted. If the amt of restrictions on net assets exceeds net assets the value of unrestricted will be negative or deficit. Conversly, if net assets are greater than restrictions the unrestricted will be positive. When seen on the the balance sheet the deficit indicates legal restrictions in a long term sense. It does not speak to the ability of the company to meet current obligations.
What does unbondable mean?
Unbondable means unable to be connected or tied to something else. In the financial context, it can refer to assets that cannot be used as collateral for a loan due to restrictions or limitations.
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What is difference between personal assets and company assets?
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
Do I qualify for disability insurance if I am blind?
If a person is blind they could potentially qualify for disability insurance. There will still be other factors that are considered like, income, assets, and other financial restrictions that may be put into place.
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
How do you find the percentage of current assets to total assets?
percentage of current assets to total assets
What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
Are intangible assets included in liabilities?
Intangible assets are assets like other assets just they cannot be seen by eye or feel by hand but as they are assets they are included in assets and part of liability.
What are the categories of assets?
1. 1 - Current Assets 2 - Fixed Assets 3 - Ficticious Assets
Types of assets that are amortized?
Intangible assets are those assets which are amortized as compared to tangible assets which are depreciated.
