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What if the husband is paying property taxes on wife's inherited land?
If the husband is paying property taxes on his wife's inherited land, it typically indicates that he is taking responsibility for the property’s financial obligations, which can be a common practice in many couples' arrangements. However, the ownership of the land remains with the wife unless there's a legal agreement or arrangement that states otherwise. It's important for both parties to communicate about these expenses and consider documenting their financial contributions, especially if the property is ever sold or if their relationship changes. Consulting a legal professional can help clarify rights and responsibilities regarding property ownership and tax obligations.
Is the financial ratio used to assess a company's ability to pay bills that are or will be due in the near future?
Yes, the financial ratio used to assess a company's ability to pay its short-term obligations is known as the liquidity ratio. Common examples include the current ratio and the quick ratio, which evaluate a company's current assets against its current liabilities. These ratios help determine whether a company can meet its financial obligations as they come due.
Does a firm use financial leverage if preferred stock is present in the capital structure?
Yes, a firm can be considered to use financial leverage if preferred stock is present in its capital structure. Preferred stock typically has fixed dividend obligations, similar to interest payments on debt, which can amplify the returns to common equity holders when the firm performs well. However, it also introduces risk, as the firm must meet these obligations before any dividends can be paid to common shareholders. Therefore, the presence of preferred stock contributes to the overall financial leverage of the firm.
Group of persons with a Common aim?
SOCIETY is the collective noun for the group of persons with a common aim.
What is common financial denominator?
The financial statements should be stated in terms of a common financial denominator?
What is a partnersip?
A Partnership is a contract whereby two or more persons bind themselves to contibute money, property, or industry to a common fund with the intention of dividing profits among themselves.
What does it mean to have unlimited personal liability?
Unlimited personal liability means that an individual is personally responsible for all debts and obligations of a business, which can include financial losses, lawsuits, and other liabilities. This means that creditors can pursue the individual's personal assets, such as savings, property, and other valuables, to satisfy business debts. This liability is common in sole proprietorships and partnerships, where the business and personal finances are not legally separated. Consequently, the risk for personal financial loss is higher in these business structures.
What is off-balance sheet?
Off-Balance Sheet refers to assets and liabilities which are not reflected on the Balance Sheet. The most common would be leased equipment or property. A leased vehicle, for example, is not owned by the company - so the monthly payments are reflected as Auto Expense, but there is no vehicle included as a fixed asset, no Accumulated Depreciation and no Loan Payable. Lease obligations are generally disclosed in notes to the financial statements.
What account belong on the balance sheet?
The balance sheet includes accounts that represent a company's financial position at a specific point in time, divided into three main categories: assets, liabilities, and equity. Assets include cash, accounts receivable, inventory, and property, while liabilities encompass accounts payable, loans, and other obligations. Equity represents the owners' residual interest in the assets after liabilities are deducted, typically including common stock and retained earnings. Together, these accounts provide insight into the company’s resources, obligations, and net worth.
Can they put a judgment against your property if only your nane is on the deed wife has a judgment against her?
It depends on your state: If you live in most community property states (Louisiana West through Texas, and on the California) a judgment against her may affect your property if it is deemed to be "community property" which is property acquired during the marriage. If you live in a common law state, and the state has maintained "tenants by the entireities" as the form in which married persons hold property, then the property is, in all likelihood, free from the lien of the judgment.
What is a plastic all plastic have one common property what is it?
all plastic have one common property-what is it?
Is Cardiomyopathy common?
Cardiomyopathy is not common (affecting about 50,000 persons in the United States)
