1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natali [406]
11 months ago
14

an important aspect of any type of bankruptcy proceeding is the protection that the debtor has after filing for bankruptcy. the

legal term used to describe this protection is the:
Business
1 answer:
Mariana [72]11 months ago
8 0

Liquidation or the most frequent type of bankruptcy for individuals is straight bankruptcy. Your assets—anything you own with monetary value—are liquidated (sold) under the supervision of a court-appointed trustee in order to satisfy your debts.

<h3>How can bankruptcy be avoided?</h3>

preserving a positive cash flow, choosing a change in management, basing decisions on a business strategy, maintaining correct financial records, and maintaining excellent relations with creditors.

<h3>Which two primary categories of bankruptcy are there?</h3>

There are two distinct categories of bankruptcy cases out of these five types: 1) Straight/Liquidation, 2) Reorganization—the latter requires the designation of classes of claims and interests in the reorganization plan.

To know more about the Straight bankruptcy visit :-

brainly.com/question/29382813

#SPJ4

You might be interested in
Select the answer that best completes this sentence. Los pesos from different Spanish Speaking countries are _____
VMariaS [17]

I believe the answer is: different


The values of pesos from these spanish speaking countries are different depending on how good their performance in the market.

For example,

1000 mexican peso is equal to +/- 50 USD

1000 Argentine peso is equal to +/- 30 USD

8 0
3 years ago
Read 2 more answers
Definition of liability
Artyom0805 [142]
Liability means to be responsible for something.
It also means that someone or something's presence will probably cause embarrassment or put someone at a disadvantage.
5 0
3 years ago
Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transa
sweet-ann [11.9K]

Answer:

Explanation:

Net income is the summation of all revenue generated substracted from all costs such as tax, interest and others it is the profit made.

Cash flow is the amount that the producer needed to spend when stating an accounting section romove from amount needed at the end of that accounting section.

Whenever transactions are carried out,

Cash flow and net income can be affected in ways that are not the same, once goods is sold the net income is noted by the manufacturer, let say he sell goods of $400 to a retailer if the retailer doesn't pay instantly, it mean the manufacturer has $400 cash less.i.e net income

a. Purchased $125 of supplies for cash.

Answer:

✓There is decrease in cash by $125

✓There is no change as far as Net Income is concerned here.

b. Recorded an adjusting entry to record use of $45 of the above supplies.

Answer:

✓There is No change to Cash here,

✓The net income is is decreased by $45.

c. Made sales of $1,220, all on account.

Answer:

✓There is No change to Cash here,

✓The Net Income is increased by $1,220

d. Received $850 from customers in payment of their accounts.

Answer:

✓ There is Cash increase, by. $850 ,

✓ There is No change to Net Income

e. Purchased equipment for cash, $2,500.

Answer:

✓There is Cash is decreased by $2,500

✓ There is no change to Net Income

f. Recorded depreciation of building for period used, $610.

Answer:

✓ There is No change to cash,

✓ there is decrease in Net income by

$610

6 0
3 years ago
Sunny Day Manufacturing Company has a current stock price of $22.35 per share, and is expected to pay a per-share dividend of $2
seropon [69]

Answer:

Alpha Moose Transporters's retained earnings breakpoint is B. $1,655,556

Explanation:

Addition to retained earnings = $745,000

Weight of equity = 45%

Retained earnings breakeven = $745,000 / 45%

= $1,655,556.

Retained earnings breakeven is $1,655,556.

7 0
3 years ago
Read 2 more answers
Ms. Cole purchased a $546,000 insurance policy on her own life and named her son as sole beneficiary. She has paid $33,852 total
sergejj [24]

Answer:

Does she recognize income on the liquidation?

Yes, she must recognize the difference between the policy's surrender value and the total premiums paid = $42,042 - $33,852 = $8,190 must be recognized as income.

Does she recognize income on the liquidation?

No, she doesn't have to pay any taxes. Payments to terminally ill policy holders are treated in the same way as death benefits.

8 0
2 years ago
Read 2 more answers
Other questions:
  • Wesley has recently graduated and accepted his dream position with a law firm. The human resources team has requested that he tu
    15·1 answer
  • XYZ Corporation (an S corporation) is owned by Jane and Rebecca who are each 50% shareholders. At the beginning of the year, Jan
    13·1 answer
  • GearOne Autos Inc. has shifted its research and development unit from its home country to Germany. This allows the company to be
    8·1 answer
  • A company's 2013 year-end balance sheet included the following: Jan. 1 Dec. 31 Accounts Receivable $80,000 $100,000Inventory $60
    8·1 answer
  • On June 1, 2013 Oakcrest Company signed a three year $110000, note payable with 9% interest. Interest is due on June 1 of each y
    7·1 answer
  • What does our government do with tax money? How does government affect the business cycle? Income distribution?
    13·1 answer
  • Hobby Loss Presumptive Rule. Rachel Schurtz is a high school English teacher. In her spare time, she likes to make her own body
    6·1 answer
  • Can regional level employment be converted into national level<br>employment? Why? Why not ?​
    15·1 answer
  • What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
    12·2 answers
  • Zach is employed by Scott Paper Company and is a key account manager on the WalMart team based in Bentonville, AR so he can be n
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!