Suppose your company has purchased a put option on the German mark to manage exchange exposure associated with an account receivable denominated in that currency. In this case, your co 8、mpany can be said to have an insurance policy on its receivable. Explain in what sense this is so....
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What is the difference between a nominal account and a real account? What is a temporary account? What is the accounting entry to close the sole proprietorship drawing account? Is contributed capital a noncurrent asset or a current asset, and is it a debit or credit? Related In-Depth...
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The term capital account has different meanings in different fields. In accounting, it is a general ledger account used to record capital... See full answer below.Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer...
The capital account in a company means the financial account that measures the contributions of each owner in the form of money or an asset, and a current account measures a company’s net income. In accounting, the capital account represents the company's net worth at a particular point in...
15. It is a way of doing business in which one party (the franchiser) the use of a trademark that is an essential asset for the franchisers’ business. II Match each one on the left with its correct meaning on the right 1. J 2.A 3.E 4.B 5.C 6.D 7.I 8.G 9.F 10.H ...
An asset account is a general ledger account used to sort and store the debit and credit amounts from a company’s transactions involving the company’s resources. The balances in the asset accounts will be summarized and reported on the company’s balance sheet. Generally, the asset account ...
Capital assets are significant pieces of property such as homes, cars, investment properties, stocks, bonds, and even collectibles or art. For businesses, a capital asset is an asset with a useful life longer than a year that is not intended for sale in the regular course of the business's...
An asset is a resource with economic value that an individual or company owns or controls with the expectation that it will provide a future benefit.