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What account is used to record the transfers of assets from a business to its stockholders is?
The dividend account is used to record transfers of assets from a business to its stockholders. It is a temporary account that closes before the end of the accounting year.
What is the account used to record the transfer of assets from a business to its owner?
the owner's capital account
How can I transfer my assets from Robinhood to TD Ameritrade?
To transfer your assets from Robinhood to TD Ameritrade, you will need to initiate an ACAT (Automated Customer Account Transfer) transfer process through TD Ameritrade. This involves filling out a transfer form with TD Ameritrade, providing your Robinhood account information, and specifying which assets you want to transfer. TD Ameritrade will then work with Robinhood to facilitate the transfer of your assets.
When account receivabes is collected cash the totl assets of the business increases?
Accounts receivable is also part of assets of business and cash as well so there is no difference on overall assets of business.
What is the transfer of all or a portion of a subsidiary's stock or other assets to the stockholders of its parent company on a pro rata basis called?
stock split
Is bondholders have a priority claim on assets ahead of common stockholders and preferred stockholders?
preferred stakeholder
A business Owned by stockholders are called what?
A business owned by stockholders is called a corporation. In a corporation, ownership is divided into shares of stock, which can be bought and sold. Stockholders, or shareholders, have a claim on the corporation's assets and earnings, typically proportionate to their ownership stake. Corporations can be either publicly traded, with shares listed on stock exchanges, or privately held.
Can a credit card that you had in your personal name but a lien on your corporate business account?
yes. the creditor can put a lien on anything that may be counted as your assets. if your corporate business account is one of your assets, the creditor can try to recover their money from that account.
Can an owner of a business withdraw assets from that business for personal use?
Unless those assets are part of an expressly-designated expense account, that would be fraud.
is it true or false if the liabilities owed by a business total $300,000 and stockholders equity is equal to $300,000, then the assets also total $300,000?
False
What is the difference between preferred and common stockholders?
Preferred stockholders have a greater claim on the assets and profits of a company compared to common stockholders. If a company is liquidated, preferred stockholders have to be paid first before the common stockholders.
What is the revaluation expense account?
Revaluation account is the account which is used to revaluate the assets and liabilities in business from time to time to find the actual value of assets and liabilities shown in balance sheet.
