property

Tag: property

Unclaimed Property

See Also: Flat Tax Rates Marginal Tax Rate Prepaid Income Tax Tax Brackets Deferred Income Tax Unclaimed Property Definition The unclaimed property definition is any funds, or asset, that is unclaimed by the rightful owner. A common example of unclaimed property is the unredeemed value of gift cards and gift certificates. Other typical examples include

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Nonrecurring Items

See Also: Restructuring Expense ProForma Financial Statements Nonrecurring Items In accounting, report abnormal or infrequent gains or losses in the company’s annual report as nonrecurring items. They are rare events or activities that are not part of the company’s normal business operations. They may also be called extraordinary items. You must disclose the details of

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Lease Agreements

Lease Agreements A lease agreement is a legal contract between two parties for the usage of an asset or property over a set period of time in exchange for rent payments. The owner of the asset or property allows another party to use the asset or property for payments. Often a lease agreement includes an

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Bankruptcy Chapter 13

See Also: Bankruptcy Costs Chapter 11 Bankruptcy Bankruptcy Code Chapter 12 Bankruptcy Bankruptcy Courts Bankruptcy Information Chapter 7 Bankruptcy Bankruptcy Chapter 13 Bankruptcy Chapter 13 is a type of bankruptcy proceeding outlined in the Bankruptcy Code. Furthermore, Chapter 13 is a financial reorganization procedure that applies to individual consumers and sole proprietorships. When a financially

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Bankruptcy Chapter 12

See Also: Bankruptcy Information Chapter 13 Bankruptcy Bankruptcy Costs Bankruptcy Courts Chapter 11 Bankruptcy Bankruptcy Code Chapter 7 Bankruptcy Bankruptcy Chapter 12 Bankruptcy Chapter 12 is a type of bankruptcy proceeding outlined in the Bankruptcy Code. Furthermore, Chapter 12 is a personal financial reorganization procedure that applies only to farmers and fishermen. When a financially

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Ad Valorem Tax

See Also: Flat Tax Rates Marginal Tax Rate Tax Brackets Tax Efficiency Internal Revenue Service (IRS) Special Tax Bond Ad Valorem Tax Definition Ad Valorem, which is Latin for “according to value“, refers to the taxes imposed on people usually by local or state municipalities. The two types are ad valorem property taxes and ad

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