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What else can I help you with?
You are considered solvent if your assets are greater than your liabilities?
true
Are investments considered assets or liabilities?
Investments are considered assets because they have the potential to generate income or increase in value over time.
Differentiate between physical assets from physical liabilities?
differentiate between physical assets from physical liabilities
What is an asessment of personal assets and liabilities?
An assessment of personal assets and liabilities lists all your assets (like your home, car, money in the bank, etc.) and your liabilities (debt in the form of loans, house mortgage, etc.). The asset's values are totalled and the liabilities are totalled. Comparing you total assets and total liabilities will show your financial situation.
Why Liability equals Assets?
Assets- Liabilities = Owners Equity :)
What's the relationship between current liabilities and current assets?
Solvency. A company is considered solvent if it's current assets exceed it's current liabilities. A company is considered to be insolvent if their current liabilities exceed their current assets.
When a company's liabilities exceed its assets it is considered to be what?
Insolvent
When a company's liabilities exceed its assets is considered to be?
Insolvent
You are considered solvent if your assets are greater than your liabilities?
true
Are treasury bonds considered assets or liabilities on a company's balance sheet?
Treasury bonds are considered assets on a company's balance sheet.
Are investments considered assets or liabilities?
Investments are considered assets because they have the potential to generate income or increase in value over time.
How can you tell the financial standing from assets and liabilities?
Logically, your liabilities taken away from your assets would show you your financial standing: assets - liabilities = how much money you have If your liabilities are greater than your assets, your answer will be negative and you're in debt. If your assets are greater than your liabilities, your answer will be positive and you have enough assets to get rid of your liabilities.
What are assets and liabilities reported on?
Assets and liabilities are reported on a balance sheet
Define the three components of the accounting equation?
The accounting equation is as follows: ASSETS = LIABILITIES + EQUITY
Can assets be greater then liabilities and owners equity?
No. Assets = Liabilities + Equity Always.
Assets equal liabilities?
Yes assets are equal to liabilities. As liabilities are source of financing either inform of equity or inform of debt. With help of liabilities (equity+debts) assets are financed.
What is the format of a balance sheet?
The format of the Balance Sheet is Assets = Liabilities + Equity * Current Assets * Fixed Assets * -------------------- * Total Assets * Current Liabilities * Long Term Liabilities * -------------------------- * Total Liabilities * Equity * Net Income * ---------------------------- * Total Equity * -------------------------- * Total Liabilities and Equity
