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
uranmaximum [27]
3 years ago
12

13. Roy, the owner of Standard Business Company (SBC), sells SBC to Tim for a note payable to Roy for $100,000. Tim does not pay

the note and files for bankruptcy under Chapter 7. The debt represented by the note is b. dischargeable if $100,000 now seems to be a high price for SBC. d. dischargeable under any circumstances. a. not dischargeable if Tim concealed assets to defraud Roy. c. not dischargeable under any circumstances.
Business
1 answer:
Gelneren [198K]3 years ago
8 0

Answer:not dischargeable if Tim concealed asset to defraud Roy

Explanation:

A bankruptcy is a legal means for a debtor used by the court to relieve him of his debts obligations when he his unable to fulfill it's debt obligations payment.

However finding out that the value of a contract initial agreed was overpriced will not make the debt dischargeable nor dischargeable in any circumstances unless it's proven that the debtors is unable to pay his debt.

The debt will equally not be dischargeable if it's found that the debtors has concealed items to defraud the creditor and it's equally dischargeable in some circumstances particularly when the debtors is unable to pay.

You might be interested in
A sales manager at SFB Industries would like to import leads from a recent event. To ensure efficiency, she would like these to
Sauron [17]

Answer:

3) Create a lead assignment rule

Explanation:

Salesforce uses lead assignment rules to define which sales rep is responsible for generating and supporting a sales lead (potential sale). Each organization is responsible for setting up the specific criteria used to assign sales leads. By using assignment rules this process can be automated.

For example, your lead assignment rule may be based on territory or sales status.

3 0
3 years ago
In a recent year Sunland Company had net income of $360000, interest expense of $72000, and a times interest earned of 10. What
Otrada [13]

Answer:

$648,000

Explanation:

Given that;

Net income = $360,000

Interest expense = $72,000

Times interest earned = 10

Net Income + Interest expense + Tax expense ÷ Interest expense = Times interest earned.

($360,000 + $72,000 + Tax expense) /$72,000 = 10

Tax expense = $288,000

Therefore;

Sunderland's income before taxes for the year

= Net income + Tax expense

= $360,000 + $288,000

= $648,000

4 0
3 years ago
Under Life Solicitation Rule, the definition that applies to a consumer that is most concerned about death benefit proceeds to b
Fiesta28 [93]

Answer:

life insurance net payment cost index

Explanation:

The accidental death benefit is referred to as a payment due to the sole beneficiary of an accidental death insurance policy. The accidental death benefit mostly is an amount paid which adds to the standard benefit payable if

and only if the insured died of natural causes e.g old age, earthquake or tsunami etc.

Depending on the issuer of the policy, the accidental death benefit may extend up to a year after the initial accident occurred, so long as the accident led to the insured's death.

6 0
3 years ago
Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entr
olga_2 [115]

Answer:

A MS Excel file is attached for the Journal general , please find it.

Explanation:

Entries to be Journalized

Date                Account                    DR.          Cr.

March 24         Cash                   $26,000    

                        Owner's Capital                  $26,000

September 8   Cash                   $6,500    

                        Account receivable           $6,500

Download xlsx
6 0
3 years ago
When countries specialize in the production of goods they have the comparative advantage in, both ___________ and ______________
Anna71 [15]

Based on the question above, <u>demand and supply</u> will increase.

<h3>Demand</h3>
  • demand is the quantity of a good that consumers are willing and able to buy at various prices during a given period of time.

<h3>Supply</h3>
  • supply is the amount of a resource that firms, manufacturers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.

Therefore, the correct answers are demand and supply.

Learn more here:https://brainly.in/question/19402695

7 0
2 years ago
Other questions:
  • What is the difference between federal purchases and federal​ expenditures?
    13·1 answer
  • Kathy has found out everything she can about a newly qualified lead. She has practiced making her sales presentation and has det
    10·2 answers
  • Sherry and John Enterprises are using the kaizen approach to budgeting for 2018. The budgeted income statement for January 2018
    13·1 answer
  • Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $
    5·1 answer
  • Times-Roman Publishing Company reports the following amounts in its first three years of operation:
    7·1 answer
  • In which level of linkage does a company’s strategic business planning function exist without any input from the HRM department?
    14·1 answer
  • Rhubarb pie is a dessert. therefore, whoever eats rhubarb pie eats a dessert
    12·1 answer
  • WILL BE MARKED BRAILIEST!!
    9·1 answer
  • The Mighty Music Company produces and sells a desktop speaker for $100. The company has the capacity to produce 50,000 speakers
    10·1 answer
  • Adding foreign stocks that are riskier than the portfolio average will always increase the risk of the portfolio.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!