0
What else can I help you with?
Is my house considered an asset even if I have a mortgage on it?
Yes, your house is considered an asset even if you have a mortgage on it. The value of the house minus the amount owed on the mortgage is the equity you have in the property, which is an asset.
Is the mortgage payable a financing activity?
Yes mortgage payable is a financing activity because in this way company arranges the finance to run the business.
Who do you make your Wells Fargo mortgage payment payable to?
wellsfargo home mortgage
Is a house with a mortgage considered an asset?
Yes, a house with a mortgage is considered an asset because it has value and can be sold for a profit.
Is accounts payable considered an asset or a liability on a company's balance sheet?
Accounts payable is considered a liability on a company's balance sheet.
Mortgage payable is a current liability?
No, although Mortgage Payable would be a liability a mortgage is generally not a payable that could or would be paid off in less than one year or one accounting cycle. Current liability refers to just that, a liability that will be paid off in one year or less, while a Long-term liability takes longer, such as a mortgage payable. More commonly referred to as a "note payable" a mortgage payable for a business would be a Long-term liability. A mortgage would be what the company is paying to "purchase" their building or land. The property itself that the mortgage is on of course is the asset.
Is dividends Payable an asset?
Dividend payable is the amount which is payable by the company to share holders so it is a liability of company and not an asset.
Is account payable asset or liability?
accounts payable is a liablity.
Where will you put mortgage payable on a general ledger?
credit mortgage payable in the liability side of the balance sheet
Is notes payable an asset?
no
Is bill payable an asset?
no
Is my house considered an asset even if I have a mortgage on it?
Yes, your house is considered an asset even if you have a mortgage on it. The value of the house minus the amount owed on the mortgage is the equity you have in the property, which is an asset.
When was Anworth Mortgage Asset Corporation created?
Anworth Mortgage Asset Corporation was created in 1998.
Is the mortgage payable a financing activity?
Yes mortgage payable is a financing activity because in this way company arranges the finance to run the business.
Is accounts payable a liability or an expense?
Accounts Payable is a liability. Accounts receivable is an asset.
Is interest payable a asset or liability?
liability
Who do you make your Wells Fargo mortgage payment payable to?
wellsfargo home mortgage
