Statement 1: Proceeds of life

Q: What assets are normally included as estate properties?

A: Probate laws: After the death of a decedent, in order to seek the problems of how his property…

Q: Which of the following are recognized in other comprehensive income?       service cost

A: The other comprehensive income includes the revenues and expenses of the company. The assets and…

Q: At what value are the assets within an estate reported?

A: Assets: Assets are those items that provide value for money and future economic benefit for an…

Q: What are the criteria of an assets held for sale?

A: Step 1   If any of the assets is held for sale then, it ceases to depreciation and amortization and…

Q: Explain the term Capitalized equilant CE         Explain the term Capitalized equilant CE…

A: It is a current dollar amount at a specified rate of interest, which will be equal to the difference…

Q: Q: part ii): a) What is interest and explain the main types? b)Amortization Schedule

A: (a) Interest is the payment made to the lender above the borrowed capital at a particular rate. In…

Q: 7 What are utilities, property taxes, and insurance all examples of? A O Contract contingencies. BO…

A: We first needs to understand all the terms given in the question to answer the question. Contract…

Q: What are the two common categories of long-lived assets? Describe each.

A: Long lived assets are those assets that a business retains for long periods of time for use in the…

Q: Assets created by payments that expire as they are used are called?

A: The assets are resources that are owned by the individual or organization. The assets are in…

Q: Question 71 Principal & Interest (P&I) flows can come from: O a. employment O b. tax revenue O c.…

A: Analysis of the given options: a. employment ANALYSIS-Employment can result in cash flow to employee…

Q: Deduction allowed is a kind of deduction from?

A: An "authorised discount" is a price cut on goods or services that a seller permits a customer to…

Q: Explain the meaning of Estate.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: QUESTION 14 Donated assets should be recorded at historical cost. True False

A: Assets:- An asset includes something that have economic value or future benefit. An asset helps to…

Q: Executory costs include Select one: a. insurance. b. property taxes. c. maintenance. d. all…

A: In case of leased assets there are certain expenses incurred Upto the economic life of the asset,…

Q: what is the difference between Simple perpetuity from general perpetuity?

A: Perpetuity refers to the incoming of equal infinite cash flows which arrive at the end of every…

Q: Match the type of bank income (revenue) with the associated source. Revenue received from wealth…

A: Interest Income: It is the main source of Income for banks and financial institution, interest…

Q: Distinguish between one-time, recurring, and tangible and intangible expenses and benefits.

A: An expenditure is a business's operational cost incurred to produce income. It may be described as…

Q: rest that is converted into principal and thus, also earns interest?

A: Step 1   Simple interest is a fixed proportion of the principal amount borrowed or lent that is paid…

Q: Accounting for property dividends and accounting for property payables explanation and example.

A: Answer: Accounting for Property dividends covers the dividend paid to investors in form of assets.…

Q: How can we determine ordinary gains and capital gains?

A: Answer: In the course of normal business, an ordinary gain is income. The gain or loss of foreign…

Q: Differentiate between Current Account vs Capital Account.

A: Account: A record, that documents or records the changes in assets, liabilities, or equity for a…

Q: the interest earned on both the initial principal and the interest reinvested from prior periods is…

A: Compound interest is where interest is calculated on both initial principal and the amount of…

Q: Why is share in a considered a is perpetuit

A: In finance a perpetuity refers to that financial asset or that financial security that goes on…

Q: allocated to a capital

A: Company Allot share after Receiving Application If Application is oversubscribed then Company can…

Q: ccounting" What are you looking for in terms of compensation and benefits?

A: Accounting is the process of measuring, processing, and communicating financial information about an…

Q: Define Property dividend.

A: Definition:   Dividends: The dividend is the income of the shareholders for their shareholdings in…

Q: 1. Which property level costs are included "Above the Line"? a. Depreciation b. Capital reserves c.…

A: Costs which are deducted before reaching Operating Income are Above the line costs.

Q: How to calculate the inheritance amount?

A: Inheritance Tax is a tax on the all property, possessions and money of someone who has died. In the…

Q: Explain Transfer of Property or a Beneficial Interest in Borrower?

A: The question is based on the agreement of Mortgage loan in real estate deal.

Q: Explain the method of direct capitalization method?

A: The three approaches to value a business or an investment are the Income based,  Market based and…

Q: All of the following are presented as part of non-current financial assets, except * O Long-term…

A: The Fixed assets and Investments that are long term in nature i.e. full value of the asset cannot be…

Q: The rights of financial claim to the assets are called equities   Question 9 options:   True…

A: The answer is stated below:

Q: Definition of Estate?

A: Estate: Definition of estate is similar to definition of Assets. Assets owned by an individual in…

Q: 13. Fees for managing and protecting a customer"s property is considered under category interest…

A: This question deals with the selection of accounting head in which fees for the managing and…

Q: ________ is the interest earned on previously earned interest added to the principal.

A: Interest is the earned income on a given principal according to the given interest rate.

Q: List 3 common intangible assets.  How is the life determined that is to be used to compute…

A: Three common intangible assets are : 1. Goodwill: It is the premium amount that is valued based on…

Q: The amount to be capitalized should be:

A: Answer:   Option a.

Q: Matching Principle Concept How does interest expense associate with revenue?

A: The matching principle is a fundamental concept in accounting that dictates that expenses should be…