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Yes it is part of quick assets it basically means recievables

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12y ago

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Is provision for doubtful debt under current assets?

Yes provision of doubtful debt is part of current assets as accounts receivable is part of current assets and this allowance is for short term period.


Is debt a synonym of capital?

No. Debt is money owed. Capital is assets which are part of financial worth.


Are proceeds from issuance of debt part of the financing or investing activities of a cash flow statement?

They are part of financing activities. Financing activities involve debt and equity, whereas investing activities involve the acquisition or dispostion of assets for the business.


Are mineral rights considered part of an estate that have to be liquidated or executed to pay debt?

Mineral rights are a part of the estate. All assets have to be valued and distributed or liquidated. Any proceeds from the sale of assets must be used to pay off any debts.


If a man dies you owe money to can the collection agency still collect?

When that person died, his assets became part of his estate. The debt you owed him became one of those assets. The legal representative of his estate has an obligation to collect the debt from you and has the full legal power to do so, either directly or through a collection agency.


What happens to a debt you owe to a person that dies?

The debt you owed to the decedent will become a part of their estate and their heirs can collect as long as they have proof that you owe the money. The heirs can request that an estate representative be appointed and that person can pursue payment from you. The debt does not just go away as long as there is evidence that the money was owed to the decedent.


In the state of Texas is a mortgage an estate debt?

Yes it would be part of the estate debt. The estate has to pay all of the debts off if possible. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution, the debts are ended.


Is owner's capital included in debt ratio calculation?

No, it does not. The debt ratio measures the ability to pay for both current and long term debts. This is calculated by dividing total liabilities over total assets. Owner's capital OS part of stockholders' equity.


Can the trustee of the estate patition the courts to forgive debt that was owed to the estate?

That would be a part of the distribution plan. If there are assets in the estate, they will not be forgiven. And the heirs don't get anything if there are debts still owed.


Can IRS take car mom left you to collect her debt?

Yes, the IRS can do that. The car is part of the estate. The assets of the estate have to be used to clear all debts before anything can be distributed.


Is livestock PART OF fixed assetS?

Yes livestock are fixed assets


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.