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16y ago

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Fixed assets should initially be recorded on the balance sheet?

Fixed Assets are things of value that are expected to maintain their value to the entity for more than a year. All Assets are Balance Sheet accounts so yes, they should initially be recorded on the Balance sheet.


What is listing fees?

Listing fees are charges imposed by platforms or marketplaces for the privilege of listing goods or services for sale. These fees can vary based on the platform, the type of item being listed, and the duration of the listing. They are typically used by online marketplaces, real estate services, and auction sites to cover operational costs and maintain their services. Sellers should consider these fees when pricing their items to ensure profitability.


The time period the listing is in effect must be included in a listing contract?

Yes, it should.


Should Fire Extinguishers be treated as Fixed Assets?

fixed assets


Can you sell or sign over your assets if they are a part of an ongoing case?

No. Assets that are the subject of an active case should not be transferred until there is a ruling issued.No. Assets that are the subject of an active case should not be transferred until there is a ruling issued.No. Assets that are the subject of an active case should not be transferred until there is a ruling issued.No. Assets that are the subject of an active case should not be transferred until there is a ruling issued.


What should be included in a financial plan to protect assets?

A financial plan should include steps to alleviate debt in order to protect assets. The financial plan should also defined assets according to their importance to the company.


What type of insurance policy should I consider to cover your assets?

You should consider a comprehensive property insurance policy to cover your assets.


Should deprciation should be charged on idle assets?

Under all of US GAAP, CDN GAAP and IFRS, idle assets should continue to be depreciated.


How can I ensure that my LLC remains separate from my personal finances and assets?

To keep your LLC separate from your personal finances and assets, you should maintain separate bank accounts, keep detailed financial records, avoid mixing personal and business expenses, and follow all legal requirements for LLCs.


Why should the amount of carbon in the atmosphere stay the same?

The amount of carbon in the atmosphere should stay the same to maintain a balance in the Earth's climate and prevent negative impacts such as global warming and climate change.


What are the assets that you will contribute in the company?

Answer Whatever assets that you carry with you, you can contribute to the company and that should get you noticed by your peers.


Do you use is or are if you are listing in the subject?

You should use "are" if you are listing multiple items in the subject. For example, "Apples, bananas, and oranges are fruits."