What will be the entries when an asset is purchased through the payment of cash and a promissory note? Why is it important to know the long term liabilities of a company? Who is the maker of a note payable? What is meant by the phrase 'time value of money'?
What is the function of a cash budget? Define cash and cash equivalents, and explain how to report them. Who is the maker of a note payable? What is treasury stock? When and where might you encounter it? Describe the common accounting term ''cash-to-cash'' and explain why it is used...
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Note that your beneficiaries can challenge the terms of the trust inprobate court. Avoid probate Trust assets can usually avoidprobate, which is the legal process of proving a will or determining how assets are distributed when there isn’t one. The probate process can get expensive, time-consu...
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Having a good invoice payment system is key to making payments on time and maintaining good business-vendor relationships. It’s also important for protecting your payment security and reducing the risk of fraud. In larger businesses, invoices are managed by the accounts payable department, but man...
What is usually shown on the internet for a deferred annuity quote is its current interest rate. Generally, the interest rate quoted is higher if you choose a longer growth period. If you should die during the growth period, your account values typically are payable to your beneficiaries....
Alternate name: Notes payable A Treasury note, or T-note, is generally the most common example of a note. Let’s say you purchase a T-note for $10,000 with a five-year term. In this scenario, you are the lender and the U.S. government is the borrower. Every six months, the ...
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A trust is generallyemployed to hold assetsso that they are safe from creditors or others that might have a claim on them after the trustor's death. In addition, trusts are often used to keep assets safe from family members who might otherwise sell or spend them. Assets may be placed in...