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The different types of trust accounts available for managing assets and funds include revocable trusts, irrevocable trusts, living trusts, testamentary trusts, and special needs trusts. Each type has specific features and benefits depending on the individual's needs and goals.

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4mo ago

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What is net trading?

Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable


What are the key differences between a custodial account and a trust, and how do they impact the management and distribution of assets?

A custodial account is a financial account managed by an adult for a minor, while a trust is a legal arrangement where assets are managed by a trustee for the benefit of beneficiaries. Custodial accounts are simpler and have fewer restrictions, while trusts offer more control and flexibility in managing and distributing assets. Trusts can also provide more protection and tax benefits compared to custodial accounts.


Is it possible to have multiple TD Ameritrade accounts?

Yes, it is possible to have multiple TD Ameritrade accounts. Each account must have a unique account number and can be used for different investment purposes or to separate assets.


What are the different types of accounts in accounting and how do they differ from each other?

In accounting, there are three main types of accounts: assets, liabilities, and equity. Assets are resources owned by a company, such as cash, inventory, and equipment. Liabilities are debts or obligations owed by a company, like loans or accounts payable. Equity represents the company's ownership interest, including investments by owners and retained earnings. These accounts differ in terms of what they represent on a company's financial statements. Assets show what a company owns, liabilities show what it owes, and equity shows the net worth of the company.


What are the theories of school finance?

Finance theory includes the study of money and assets, to manage and profile of the project risks, managing and control of assets, science of money managing. The theory of finance also means provision and allocating of funds for specific business or project.

Related Questions

How do you calculate average operating assets?

Average operating assets is the average amount of liquid assets available. This relies very heavily on cash flow which includes accounts payable and accounts receivable. Since these numbers fluctuate, the average is the most meaningful working figure.


What is assets trade?

Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable


What is net trading assets?

Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable


What is floating assets?

Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.


What types of controls should a company implement with respect to managing it's cash assets?

A company should implement strict internal controls related to the management of its cash assets. This includes who is permitted to access cash assets, how cash can be spent, and how much cash should remain in accounts.


What is a floating asset?

Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.


Is accounts receivable a current or non current assets?

Current assets


Are accounts receivable liquid assets?

Accounts receivables is a liquid asset


Accounts receivable are reported on the balance sheet at?

Accounts receivable shown in balance sheet at assets side under current assets section.


What accounts are not classified in the current assets section of the balance sheet?

Accounts payable.


What is net trading?

Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable


Which group of accounts is comprised of only assets?

The group of accounts that is comprised of only assets are prepaid expenses. Money can be owed on such things as buildings and other equipment.