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What else can I help you with?
Which kind of problems are the easiest to solve?
asset and liability management
Failure to record a liability will probably?
result in a overstated net income
How do you calculate discontinued operations?
Discontinued operations are calculated by isolating the financial results of a component of a business that has been disposed of or is classified as held for sale. This includes revenues, expenses, and any gains or losses from the sale of that component. The net income or loss from discontinued operations is reported separately on the income statement, below income from continuing operations, to provide clarity to investors about ongoing performance. Additionally, any related tax effects should also be considered in the calculation.
I'm seeing a negative sign in front of a number under the AUM column. What does this mean?
It means that something that you consider to be an asset, with some positive value, is regarded as a liability by the market.
What the mean of impairment of the assetsplease example?
impairment loss f an asset is the reduction in the income generating ability of that asset. it is calculated as: carrying value less recoverable amount. -carryibg value is the cost less accumulated depreciation -recoverable amount is the higher amount between the net selling price of an asset and its value in use.
Is rent income a asset liability or owners equity?
asset liability
Accrued income is asset or liability?
no
Is fees earned an asset or liability?
Fees earned is considered a revenue account rather than an asset or liability. It represents income that a business has generated from its operations, indicating that services have been provided or products sold. While it contributes to the overall equity of the business, it is not classified as an asset or a liability on the balance sheet.
Is interest income an expense asset or liability?
Interest income is part of revenue.
Would extra payments made on a credit card be an asset liability income or expense?
liability
What is net liability?
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
Is income tax a current liability or an expense?
Accrued income tax (Income Tax Payable) is a current liability. When the tax is actually paid it is reported on the income statement as Income Tax Expense.
Is a trade debtors asset or liability?
yes It is an Asset, not a Liability.
Is unearned revenue considered an asset?
No it is a current liability and is not included in the Income Statement, as other revenues would be.
Unearned rental income is disclosed under which section of the Balance Sheet?
unearned rental income is disclosed under which part? asset or liability?
Is asset or liability?
asset
Is sales an asset quity or liabitity?
Sales is not an asset, liability or equity account rather it is a revenue account and part of income statement rather balance sheet.
