answersLogoWhite

0

no journal entry required

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Is a mortgage considered good debt?

Yes, a mortgage is generally considered good debt because it is an investment in a valuable asset, such as a home, that can potentially increase in value over time.


Where could a person find the definition of net debt?

Net debt applies to individuals, companies, state or provincial governments, and countries. It is a measure of liabilities less cash and cash equivalents at any particular point in time. Governments report it as per capita, i.e. the net debt divided by the population. Definitions of net debt can be found online at investment sites and in investment journals and magazines. Political and economic institutions define and report governments' and countries' net debt.


Does a stock go down when a company makes an acquisition?

Typically the company doing the acquiring goes down while the company being acquired goes up in an acquisition. This is not always the case but historically a large majority of the time this is what happens.


If bank did not reaffirm and forecloses what happens to debt?

Bank doesn't re-affirm...the debtor does. If bank does not foreclose, the debt still exists, and grows. They just may some other time.


Is a mortgage considered a good debt?

A mortgage is generally considered a good debt because it is an investment in a valuable asset, such as a home, that can potentially increase in value over time. Additionally, mortgage interest rates are often lower than other types of debt, making it a more affordable form of borrowing.


What happens with your debt if you die and have no relatives?

Your creditors are entitled to be paid from any assets you have at the time of your death. Generally, if you have no assets they are out of luck.


How do I know if my debt is time-barred?

Debt is considered time-barred when the statute of limitations for collecting it has expired. You can determine if your debt is time-barred by checking the statute of limitations for debt collection in your state and seeing if the time period has passed since the last activity on the debt.


What is Post-acquisition?

The time after something has been acquired


What has to happen for you to have a capital gain on your investment?

For you to have a capital gain on your investment, the value of the investment needs to increase from the time you bought it to the time you sell it.


Is time an investment if yes. how?

Certainly yes. Time investment and its management can lead you to your dreams.


Can anyone ever make it through to the end of the statute of limitation on unsecured debt?

Certainly, it happens all the time. But it is not easy and the requirements vary by jurisdiction.


What happens when Latin American had to reschedule its foreign loans?

It legthened the time to pay the loans and decreased monthly payments. But this also raised the interest on the debt.