In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).
The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment.
Last May, the then Pleasanton-based chain Specialty’s Cafe & Bakery appeared to be closed for good after going bankrupt amid the early throes of the pandemic shutdown.READ MORE ... He sold the franchise four years ago to a large corporation that went bankrupt.
In bankrupt Lebanon, thieves go for manhole covers ... The head of the central bank, Riad Salameh, in December said those found not to have met requirements would see their assets taken over by the central bank as part of "restructuring of the banking sector".
Watch more. ‘The RepublicanMessiah’ ... It said Mr Schlachet was “financially motivated” and that they were both involved in an “acrimonious” divorce worth several million dollars in financial assets. Mr Schlachet, the lawsuit, adds, had a construction firm that went bankrupt two years before Prychodko’s death ... SIGN UP ... Read our privacy notice. SIGN UP ... .
This is an automated machine translation of an article published by Business Insider in a different language ... You can find the original version here ... In the case of Wirecard, in January the bank completed the purchase of the assets of this German payment services company for companies that had gone bankrupt ... the pioneer in technology investments ... ....
Bankruptcy court rules require court approval for the sale of any assets. In January, the court approved Trustees of Conneaut Lake Park’s plan to auction off the park’s assets for at least $1.2 million ... A stalking-horse bid is an initial bid on the assets of a bankrupt company.
Petrobras—officially Petróleo Brasileiro SA —had spent the past few years trying to regain investors’ trust and selling billions of dollars of assets following an overspending binge under prior administrations that nearly drove the company bankrupt.
“My mother ... She has a loving son to take care of her ... Read more ... An estimated 1.3 million adults are under the care of guardians who control about $50bn of their assets ... AP ... No one in the court system cares about the elderly person and if you try to fight that system, you will become bankrupt.” ... every dime, every asset, every holding, every account ... .
Small and medium sized enterprises go bankrupt ... In other words, you have bankrupt airlines ... The airlines represent assets. Tremendous assets. And they are bankrupt ... Now, this financial elites, ultimately what they want is to acquire real assets at rock-bottom prices ... But I mean, we look at Aeroméxico, it’s completely bankrupt.
So these market makers come in, and if price is falling precipitously, they go bankrupt ... When trading ceases, what’s the value of an asset if you can’t sell it? ... The great financial crisis, we have all seen the movie now, The Big Short, right? You have unbelievable overstatement in the real economy of asset values.
Ruben Rojas, a renowned artist whose work you’ve surely seen if you’ve ever driven around L.A., virtually stops by the L.A ... “I went to school to be a doctor, that was the plan ... So I went down that path and being an L.A ... I went bankrupt at the time, sold off a bunch of assets, and was sitting in limbo and ended up becoming a financial advisor.” ... art ... .
Empty schools, Empty airports, bankrupt grocery stores ... the multibillion dollar creditors) are slated to appropriate the real assets of both bankrupt companies as well as State assets ... the multibillion dollar creditors) are slated to appropriate the real assets of both bankrupt companies as well as State assets.
The Vanuatu-based entity of FX broker USGFX today said that BRI Ferrier, the liquidator of its ASIC-regulated brand (UnionStandardInternational GroupPty Ltd), has sought to seize its assets outside of Australia. In an update to its clients, the now-bankrupt forex broker accused ...