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Whether the company which is taking over would be liable to fulfill all obligations of the company which has been taken over?
In general, when a company takes over another, it may assume the liabilities and obligations of the acquired company, depending on the terms of the merger or acquisition agreement. This can include debts, contracts, and other obligations. However, the specifics can vary based on the structure of the deal (e.g., asset purchase vs. stock purchase) and applicable laws. It's crucial for both parties to clearly outline these responsibilities in their contractual agreements.
What is blanket contractual liability?
Blanket contractual liability refers to a provision in an insurance policy that covers liabilities arising from contracts the insured enters into, regardless of the specific terms of those contracts. This type of coverage typically protects against claims resulting from the insured's obligations in contracts, such as indemnification agreements or hold harmless clauses. It is particularly relevant in industries where businesses frequently engage in contracts that could expose them to significant liabilities. However, the extent of coverage and any exclusions will depend on the specific policy terms.
What are the rights and liabilities of members of acompany?
TAMILSA
What are operating liabilities?
Short-term liabilities resulting from the primary business operations of a firm. They are non-interest bearing and comprise of accounts payable, accrued expenses, and income tax payable. Operating liabilities are deducted from total assets to determine the net operating assets.
What is outside net worth?
cash-liabilities = outside networth
Is accrued expenses payable is an asset or liabilities?
Liabilities
Petty cash in till asset or liabilities?
asset
Common stock is assets or liabilities?
asset
What happens to liabilities in an asset purchase?
In an asset purchase, liabilities are typically not transferred to the buyer. The buyer only acquires the specific assets agreed upon, and the seller remains responsible for any existing liabilities.
Does debits increase asset and increase liabilities?
Debits increase assets but decrease liabilities. In accounting, when you debit an asset account, it signifies an increase in that asset. Conversely, when you debit a liability account, it indicates a decrease in that liability. Therefore, debits do not increase liabilities; they have the opposite effect.
Is fixed deposits is an asset or liabilities?
Liability
How rent paid in advance is treated in accounting equation?
If you are the payer Increase in Prepaid Expenditure- Asset Decrease in Bank - Asset Equity= Asset- Liabilities 0 = +/- - 0 If you are the payee Increase in Income Recieved in Advance - Liability Increase in Bank - Asset Equity= Asset- Liabilities 0 = + - +
Is asset is cash?
Cash is an asset because it is the most liquid asset that is owned by a company that can be used to paid expenses or current liabilities.
Are bonds assets or liabilities?
If bonds of any other company purchased then it is asset of company while if bonds are issued to other investors then it is liability of the company.
How does vat affect the accounting equation?
The VAT can affect the accounting equation in two different ways. The accounting equation is ASSET=CAPITAL+LIABILITIES So, if VAT is OWED from HMRC (receivable) it will be an asset, so the asset will increase and the Capital will increase as well. ASSET+X=CAPITAL+X+LIABILITIES, where X is the amount of VAT received. If VAT is owed TO HMRC (payable), then the liabilities will increase, which means that the capital will decrease with the same amount. ASSET=(CAPITAL-Y)+(LIABILITIES+Y) where Y is the amount of VAT to be paid.
Are accounts receivable assets or liabilities?
Asset. It is cash that you are owed. Accounts receivable is considered a short term asset.
Formula to calculate NAV?
(securities - liabilities)/(# of outstanding shares)
