General Business Questions and Answers

What happen to ones debt...?

After they die? For example, if a woman has a brother near a bunch of debt, no kids or a wife.. and he passes away. Does his debt next become the sister's problem or does it just seize written off as bleak debt? Thanks.


Answers: It just get written off. Your debt is your own and as long as not a soul else signed as a co-signer for your debt then not a soul else is responsible for it.
No.AS SUCH THE DEBTS CAN NOT BE REFUNDED , PEOPLE WHO GAVE LOANS WILL TRY AND TAKE WHAT EVER THE BROTHER'S PROPERTY WILL BE GRABED FOR WHATEVERWOTH IT IS,

Whats the usual wage for a construction worker?




Answers: Depends on where you live.. there is a lot of building in some states, CA is one of them.. so construction workers easily make a lot of money, specifically because demand for building is high, plus they can work all year.. no snow in most of CA. A construction worker earns $60-$80k per year easily. Getting a contractors license opens up many new doors also.. and one can make even MORE money with a contractors license. Best Wishes!
What kind of costruction?
Its hard to tell you.
How much experiance?
Where?

What financial statement assertions do reconciliations cover?

Which one of these:
existence, completeness, valuation, rights & obligations, presentation & disclosure?


Answers: Completeness and valuation

A edge reconciliation would cover the assertions of completeness and valuation, as there may be amounts deduct by the bank which you don't know of until you see the dune statement.

A reconciliation between your own AP balance and the amt per the creditor's statement of a/c would cover the assertion of completeness and valuation as the creditor is unlikely to move out invoices which you owe him.

A reconciliation between the computer generated inventory index and what was in truth counted in the warehouse would cover the assertion of completeness and valuation as you may not hold keyed surrounded by some entry or may not have enter items which are damaged or old.

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