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The claims of creditors against the assets are?
Liabilites
Is sister responsible for deceased brother debt if no will and claims him as tax dependent?
It will depend on whether she was listed in the debt documents. In most cases the estate will be responsible and if there are not enough assets, the debt goes unpaid.
What is Borrowed money is considered to be a what liability owners draw equity assets?
Borrowed money is considered to be a liability. Liabilities represent obligations that a business must repay, typically in the form of loans or credit. In contrast, owners' equity reflects the owners' claims on the assets after all liabilities have been settled. Assets are the resources owned by the business that can provide future economic benefits.
Do Both Accounts Receivable and Notes Receivable represent claims that are expected to be collected in cash.?
Yes, both Accounts Receivable and Notes Receivable represent claims that a company expects to collect in cash. Accounts Receivable arises from the sale of goods or services on credit, while Notes Receivable typically involves formal written promises to pay, often with interest. Both are considered assets on the balance sheet, reflecting the expectation of future cash inflows.
The difference between recognition and realization?
Realization: when sold and coverted to cash (or claims to cash) Recognition: when recorded in the financial statements.
What is the Difference between financial markets and physical asset markets?
By, Mohammad Shiran Khan. Physical assets are more stable in nature like plant, machinery, tools, land, building e.t.c where as financial assets are paper or electronic claims include shares, bonds, marketable securities some issuers are govt or corporate body. financial assets are used to purchase Physical asset. and financial assets get more returns when compared with physical assets financial assets liquid in nature.
How can I ensure my assets are safeguarded and protected from creditors?
To safeguard your assets from creditors, you can consider strategies such as setting up a trust, creating a limited liability company (LLC), purchasing insurance, and consulting with a financial advisor or attorney for personalized advice. These methods can help protect your assets in case of legal claims or financial difficulties.
What is common size balance sheet?
A common size balance sheet is a type of standardized financial statement that completely lists all of a firms specific assets, liabilities, and equity claims as a percentage of a firms total assets.
The claims of creditors against the assets are?
Liabilites
Is sister responsible for deceased brother debt if no will and claims him as tax dependent?
It will depend on whether she was listed in the debt documents. In most cases the estate will be responsible and if there are not enough assets, the debt goes unpaid.
Is this true or false territorial claims are to be put aside and claims not recognised?
The Antarctic Treaty documents claims, recognizes none, and prohibits additional claims.
Is Genworth Financial a bank or what?
Genworth Financial claims to help with retirement, insurance, long-term care etc. Genworth Financial also claims to help you and your family gain financial help.
What are the primary assets and liabilities of a commercial bank?
Loan assets and investment assets are the primary assets of a commercial bank. Deposits and borrowing are liabilities also known as claims to a commercial bank.
What are the benefits of limited liability insurance for businesses?
Limited liability insurance provides protection for businesses by limiting the personal financial responsibility of owners in case of legal claims or debts. This helps safeguard personal assets and allows businesses to operate with reduced financial risk.
Can stockholders' equity be described as claims of creditors on total assets?
yes
Is a patent a real asset?
Yes, a patent is a legal document describing claims to an invention, making it intangible rather than a physical object having any inherent value.
In the event of firm dissolution the first claims on its assets belongs to?
In the event of firm dissolution, the first claims on its assets belong to secured creditors. These are lenders or creditors who hold collateral against their loans, ensuring they are paid first. Following secured creditors, the order of claims typically proceeds to unsecured creditors, and finally, any remaining assets are distributed to the owners or shareholders of the firm.
