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kiruha [24]
2 years ago
10

Which type of bankruptcy requires the liquidation of most of the debtor's assets?

Business
1 answer:
8_murik_8 [283]2 years ago
5 0
Chapter 7 bankruptcy is a type of bankruptcy that requires the liquidation of most of the debtor's assets. It is the most common of the bankruptcy were may debts are forgiven and a variety of assets are sold, Chapter 7 bankruptcy is favored by individuals. Under of this bankruptcy, the debtor's assets are sold off to pay the lenders.
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The interest cost component of NPPBC is the_______________.
san4es73 [151]

Answer: D

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It is usually equal to the APBO at the start of the period times, the supposed discount rate which is used to regulate present value of future cash outflows currently expected or needed to satisfy the commitment or duty.

7 0
3 years ago
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Deb and Rusty know that buying a house will save them money on taxes because they get to deduct the interest they pay to the ban
Margarita [4]

Answer:

Their income after 20 years would be 72,550 dollars.

Explanation:

The income after 20 years can easily de determin by using compounding

formula

Future Value = Present Value (1 + I)^ 20

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Income can be determing by subtracting Pv from Fv i.e

Income = 162,550 - 90,000 = 72,550

Calculation on excel sheet

       A                        B                  C                         D                

1     90,000             1.03            = A1 * 1.03        = C1-A1        

2      = D1                  1.03           = A2 * 1.03       = C2-A2

20    = D19               1.03           = A20 * 1.03      = A20 - C20

* In work sheet colunm D will show income on investment.

4 0
3 years ago
What are the two major energy sources obtained from the ocean floor?
djyliett [7]
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7 0
2 years ago
I need help with 17 and 18 please
tiny-mole [99]
The Federal Reserve is the nation's CENTRAL bank.
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3 years ago
How does the year-end adjusting entry to recognize uncollectible accounts expense affect the elements of the financial statement
mojhsa [17]

Answer: Decrease total assets and decrease stockholders’ equity.

Explanation:

Adjustment of uncollectable accounts at the year end will increase the bad debt expense which has to be taken from the net income this reducing it. This has the impact of reducing Shareholder Equity as Net Income is a component of that.

The Allowance for Uncollectebles Account also increases which has the effect of reducing the Accounts Receivables Account's carrying value thus reducing Assets as a whole.

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3 years ago
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