Liabilities


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Liabilities

 

one of the two sides of a bookkeeping balance; the liabilities side describes the sources from which a socialist enterprise or organization derives its capital and characterizes the composition, designated purposes, and actual disposition of the capital.

The liabilities side of the balance consists of five principal sections. The sources of an enterprise’s own assets and equivalent assets are shown in section A. Section B lists bank credits for circulating capital for which norms are set. Section C indicates various bank credits, payments, and other liabilities. Section D indicates the sources of assets for capital construction, and section E records the financing of outlays for formation of the basic livestock herd.

References in periodicals archive ?
If the disregarded entity has a payment obligation for more than one partnership liability, the partnership must allocate net value among the partnership's liabilities in a reasonable and consistent manner, taking into account their relative priorities.
Amortization method -- Amortize servicing assets or servicing liabilities in proportion to and over the period of estimated net servicing income or net servicing loss, and assess servicing assets or servicing liabilities for impairment or increased obligation based on fair value at each reporting date.
This policy made it possible to complete their transaction and indemnify the seller for environmental liabilities associated with the site.
1 billion last year - comes amid growing concerns about how public agencies are going to pay for the enormous unfunded liabilities, the difference between the assets and liabilities.
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Conditional Reserves: Represents the aggregate of various reserves, which are treated as liabilities.
If the transferred assets are a type that might have intrinsic liabilities (e.
Many states assess companies not only for outstanding or voided checks, but also for liabilities that were swept into miscellaneous income or other accounts.
The Department has advised us that they have identified approximately 100 taxpayers that they strongly believe have outstanding tax liabilities for unmetered electricity and chilled water.
Furthermore, since section 357(c) does not require the apportionment of the liabilities that are assumed or taken subject to, multiple properties subject to a single liability can be transferred, resulting in a replication of the basis of the transferred property.
Financial executives throughout the United States, at companies large and small, are beginning to feel more confident about their ability to cope with the awesome technical, legal, managerial and financial problems associated with environmental liabilities.