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egoroff_w [7]
2 years ago
10

Which of the following phrases best summarizes Chapter 7 bankruptcy? a. Discharge debt and keep property b. Discharge debt and l

iquidate assets c. Reorganize debt and keep property d. Reorganize debt and liquidate assets.
Business
2 answers:
mars1129 [50]2 years ago
6 0

The phrases that best summarizes Chapter 7 bankruptcy include option C: Reorganize debt and keep property.

<h3>What is the term Bankruptcy about?</h3>

Bankruptcy is defined as legal agreement under which a person or a company unable to pay back their debt amounts.

Selling off the assets and liquidating them gives them cash on hand to pay off when it needed.

Chapter 7 defines the reorganize the debt amount and keep the property saved.

Therefore, correct option is C.

Learn more about Bankruptcy, refer to the link:

brainly.com/question/1142634.

oksian1 [2.3K]2 years ago
5 0

Answer:

Which of the following phrases best summarizes Chapter 7 bankruptcy?

a.   discharge debt and keep property

b.   discharge debt and liquidate assets

<u>c.   reorganize debt and keep property <<<correct</u>

d.   reorganize debt and liquidate assets

Explanation:

Edge 2022

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Use the information below to answer the following questions. Currency per U.S. $ Australia dollar 1.2377 6-months forward 1.2356
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Answer:

Missing word <em>"a. What must the six-month risk-free rate be in Japan"</em>

<em />

a. Spot rate = 1 US $ = 1.2377 Aus.dollar

Forward rate = 1 US $ = 1.2356 Aus.dollar

<u>1.2356</u> = <u>(1 + i Ad)</u>

1.2377     (1 + 0.05)

0.9983 * (1.05) = 1 + i.Ad

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i.Ad = 0.048215

i.Ad = 4.82%

b. Spot rate = 1 US $ = 100.3300 Japan Yen

Forward rate = 1 US $ = 100.0500 Japan Yen

<u>100.0500</u> = <u>(1 + i Ad)</u>

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0.9972 * (1.05) = 1 + i.Ad

1.04706 = 1 + i.Ad

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3 years ago
Eastline Corporation had 11,000 shares of $10 par value common stock outstanding when the board of directors declared a stock di
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e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200

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