What Does Asset Mean? Contents[show] The two important things to remember about this definition are that an asset is owned or controlled by a company and it can be used to benefit futureaccounting periods. Not all assets are owned by the company that reports them on their balance sheet. Fo...
Business Accounting Asset What does total assets mean?Question:What does total assets mean?Total Assets:Businesses have different kinds of assets and they parse them into categories like long-term and current assets, liquid assets, intangible assets. Each of these types are broken down into ...
What Does Intangible Asset Mean? The main examples of intangibles assets arepatents, trademarks, copyrights,franchise agreements, goodwill, and other business contracts. Since intangible assets are difficult to value and have unpredictable future benefits, they are usually recorded at cost when they ar...
What are assets? Learn the meaning of an asset, the difference between personal and business assets, and who can own assets. See a list of asset...
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A deferred tax asset arises when ___. What is the valuation account of fixed assets? What is fixed asset ratio? What does fixed asset turnover mean? How do you calculate the cost of fixed assets? What is an intangible asset, and should all intangible assets be subject to amortization...
The net asset value, or NAV, of a fund is the per-share value of a fund's underlying assets at the close of the trading day. It's different from the market price of an exchange-traded fund, or ETF, which is the price at which investors buy or sell shares while the market is ope...
What does working capital mean? Working capital is the difference between a business’s current assets (e.g., cash, accounts receivable, and inventories) and current liabilities (e.g., accounts payable and short-term debt). It’s an essential financial metric that helps ensure a company has...
What Does Impairment Mean? In accounting, impairment refers to an unexpected and permanent drop in a fixed or intangible asset's value to a market value that's less than what's recorded on a company's balance sheet. The amount is recorded as a loss on the income statement. ...
The bank can take possession of the property through foreclosure and sell it to recoup the money owed if Sal defaults on the mortgage. What Does Debtor Mean? Debtors are individuals or businesses that owe money to banks, individuals, or companies. Debtors owe a debt that must be paid at so...