What Type Of Account Is An IRA? An individual retirement account (IRA) allows you to save money for retirement in a tax-advantaged way. An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. Is an IRA account an
Which Is A Criterion That Must Be Met In Order For An Item To Be Recognized As An Intangible Asset Other Than Goodwill? (d) The requirement is to identify the criterion that must be met in order for an item to be recognized as an intangible asset other than goodwill. Answer (d) is correct because
Where Is The Nazi Loot? The Third Reich amassed hundreds of thousands of objects from occupied nations and stored them in several key locations, such as Musée Jeu de Paume in Paris and the Nazi headquarters in Munich. Has the Nazi gold train been found? Despite numerous searches being made since 1945, including ones by
Where Did Peggy Guggenheim Get Her Money? Peggy’s education in modern art began in New York in 1920. She was 22, and had inherited from her dead father (who went down with the Titanic in 1912) enough money to supply her, via a trust fund, with an income of $22,500 a year. How did Solomon
Which Is Not A Capital Good? Natural resources not modified by human hands are not considered capital goods, although both are factors of production. Unlike consumer goods, capital goods are not end products sold by businesses. Instead, businesses accumulate capital goods and put them to use to produce the goods and services that they do
What Does Full Asset Backed Mean? Asset backing refers to the total value of a company’s shares, in relation to its assets. Specifically, it refers to the total value of all the assets that a company has, divided by the number of outstanding shares that the company has issued. What is an ABS transaction? ABS
How Do You Say You Would Be An Asset To A Company? I can be an asset to this organization because I think that I have the enough capabilities, skills and qualifications to work and I am much willing to improve the skills that I have that is in congruent with what the organization or
Is Inventory A Long-term Investment? Inventory is usually considered a current asset, because you normally sell through inventory in a year or less. … However, inventory is more liquid than long-term assets, such as property, machinery and long-term investments. Is inventory a short-term investment? Why Is Inventory a Current Asset? While inventory is less liquid
Is A Fictitious Asset? In other words, fictitious means fake or not real, these are not assets at all but they show in financial statements. Expenses incurred in starting a business, goodwill, patents, trademarks, copy rights comes under expenses which cannot be placed any headings. Fictitious assets have no physical existence. Which is not a
Should Be Included In The Cost Of The Patent They Relate To? Question: Research and development costs: are classified as intangible assets should be included in the cost of the patent they relate to. must be expensed when incurred under generally accepted accounting principles. are capitalized and then amortized over a period not to exceed