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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 account used to record the transfer of assets from a business to its owner?
the owner's capital account
Is bondholders have a priority claim on assets ahead of common stockholders and preferred stockholders?
preferred stakeholder
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.
If liabilities have increased by exactly the same amount that assets have increased stockholders equity will have?
If liabilities have increased by the same amount as assets, stockholders' equity will remain unchanged. This is because the accounting equation (Assets = Liabilities + Stockholders' Equity) will still hold true, as both sides of the equation will increase equally. Therefore, the overall financial position of the company remains balanced, with no effect on stockholders' equity.
What is the account used to transfer assets from a business to its stockholders?
Common stock
What are the major component of BOP?
The Balance of Payments (BOP) consists of three major components: the current account, the capital account, and the financial account. The current account includes trade in goods and services, income transfers, and current transfers. The capital account records transactions involving the transfer of ownership of fixed assets and non-produced, non-financial assets. The financial account tracks investments in foreign assets and foreign investments in domestic assets, reflecting changes in ownership of international financial assets and liabilities.
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.
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.
What is the account used to record the transfer of assets from a business to its owner?
the owner's capital account
Is bondholders have a priority claim on assets ahead of common stockholders and preferred stockholders?
preferred stakeholder
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.
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
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.
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.
What are the two parts of stockholder's equity in a corporations and indicate the purpose of each?
Stockholders' equity consists of two parts: common stock and retained earnings. Companies record as common stock the investments of assets into the business by the stockholders. They record as retained earnings the income retained for use in the business.
