On july, 1988, white, a sole proprietor, was involuntarily petitioned into bankruptcy under the liquidation provisions of the bankruptcy code. white's nonexempt
property has been converted to $13,000 cash, which is available to satisfy the following claims:
unsecured claim for 1986 state income tax : $10,000
fees owed to best & co., cpas, for rendered from april 1, 1988, through june 30, 2008 : $6,000
unsecured claim by stieb for wages earned as an employee of white during march 1988 : $3,000
there are no other claims.
what is the maximum amount that will be distributed for the payment of the 1986 state income tax?
a. $4,000
b. $5,000
c. $7,000
d. $10,00
Answers: 2
Another question on Business
Business, 21.06.2019 20:40
Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t
Answers: 1
Business, 22.06.2019 10:00
How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.
Answers: 1
Business, 22.06.2019 10:50
Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.
Answers: 3
Business, 22.06.2019 19:30
Quick calculate the roi dollar amount and percentage for these example investments. a. you invest $50 in a government bond that says you can redeem it a year later for $55. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage. b. you invest $200 in stocks and sell them one year later for $230. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage.
Answers: 2
You know the right answer?
On july, 1988, white, a sole proprietor, was involuntarily petitioned into bankruptcy under the liqu...
Questions
Computers and Technology, 04.02.2020 03:43
Mathematics, 04.02.2020 03:43
History, 04.02.2020 03:43
Mathematics, 04.02.2020 03:43
