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Big assets

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Originally posted by Bad wolf
Who here has big assets?
I have a large bruise on my asset at the moment.

😞

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How about intangibles?

Or assets that I can never realise myself?

I'm probably worth more financially to my family dead than alive...

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assets
Accounting The entries on a balance sheet showing all properties, both tangible and intangible, and claims against others that may be applied to cover the liabilities of a person or business. Assets can include cash, stock, inventories, property rights, and goodwill.
The entire property owned by a person, especially a bankrupt, that can be used to settle debts.
[i]American Heritage Dictionary / Dictionary.com

Why would anybody want to reveal their net worth in a public forum?

😉

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Originally posted by adam warlock
9 months. And she's so smart! She can stand, and crawl and she is really aware of what's around her al the time. And she has the most beatiful eyes and look! 😏 Truely the joy of my heart.

She already seems to have inherit my temper. 😵

Just wait till you have kids. They light up your life in ways you didn't even know that existed. 😀
Your opinion is bias..all parents say their children are so smart even when the child ends up in special ed.



P.S. not inferring that your daughter will, but you get my point.

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Originally posted by mlprior
I have a large bruise on my asset at the moment.

😞
The one I put there...or was this some other guy? 😉

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Originally posted by tomtom232
Your opinion is bias..all parents say their children are so smart even when the child ends up in special ed.



P.S. not inferring that your daughter will, but you get my point.
But in this case I know I'm right! 😵 😏

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Originally posted by c99ux
How about intangibles?

Or assets that I can never realise myself?

I'm probably worth more financially to my family dead than alive...
Assets are what they are, I never specified that they had to be tangible or not.

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Originally posted by mlprior
I have a large bruise on my asset at the moment.

😞
Awwwwwwwwwwww
((((((((((((mlprior)))))))))))))

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Originally posted by Bad wolf
Assets are what they are, I never specified that they had to be tangible or not.
IAS 8.11 should help you in recognition of assets

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Originally posted by Mad Mac MacMad
IAS 8.11 should help you in recognition of assets
Something that is an asset must have some sort of value or quality, whether it be tangible or intangible, I need not your help to recognise this. 😛

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Originally posted by Bad wolf
Something that is an asset must have some sort of value or quality, whether it be tangible or intangible, I need not your help to recognise this. 😛
Quality of air, would you declare that an asset on the balance sheet?

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Originally posted by Mad Mac MacMad
Quality of air, would you declare that an asset on the balance sheet?
When did I ever mention that this thread is based on the assets recognised by that of balance sheets?

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Originally posted by Bad wolf
When did I ever mention that this thread is based on the assets recognised by that of balance sheets?
It was MissOleum who guided it that way - quite sensibly too I hasten to add

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Originally posted by Mad Mac MacMad
It was MissOleum who guided it that way - quite sensibly too I hasten to add
I would say that the notion that unless an asset can go on a balance sheet it isn't an asset is rather misguided, you can't put friendship on a balance sheet, but it is still important, to ignore it is foolish.