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In terms of short-term notes receivable, it is measured at face value. [2] The initial measurement of long-term notes receivable depends on whether the notes are interest-bearing or noninterest-bearing. [2] Interest-bearing notes have a specified interest rate payable on top of their face value.
Recourse debt or recourse loan is a debt that is backed by both collateral from the debtor, and by personal liability of the debtor. [2] This type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default, in addition to foreclosing on a particular property or asset as with a home loan or auto loan.
A non-qualified deferred compensation plan or agreement simply defers the payment of a portion of the employee's compensation to a future date. The amounts are held back (deferred) while the employee is working for the company, and are paid out to the employee when he or she separates from service, becomes disabled, dies, etc.
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If you bought a non-current asset for $10,000 and have written off $3,000 for depreciation, the current valuation of that non-current asset is $7,000. Examples of Non-Current Assets in Major Companies
Key examples of current liabilities include accounts payable, which are generally due within 30 to 60 days, though in some cases payments may be delayed. Current liabilities also include the portion of long-term loans or other debt obligations that are due within the current fiscal year. [ 1 ]
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A Roth IRA and its 100% tax-free distributions can hold huge advantages for retirees. Additionally, Roth IRAs aren't subject to required minimum distributions the way traditional IRAs are. That ...