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Ipatiy [6.2K]
4 years ago
10

WHAT IF THE FACTS WERE DIFFERENT?Assume that Hann did not pay her student loans in full, and did not have any supporting evidenc

e that indicated that she did. Instead, Hann claims that she does make enough money to pay her full loan payment each month and they should be forgiven. Hann is employed and makes an average salary for her occupation.1. In order to obtain relief from her debts, Hannallege that she is insolvent and cannot pay her debts.2. Generally, student loansdischargeable in bankruptcy.3. An exception to this rule is if there is evidence of.4. It is likely that Hann’s financial situationqualify her for discharge.5. Given these facts, the court likely would have entered an orderHann’s claim andECMC’s claim.6. Then ECMCresume its efforts to collect on Hann’s loans.
Business
1 answer:
dimulka [17.4K]4 years ago
4 0

Answer:

Then ECMC resumes its efforts to collect on Hann’s loans.

Explanation:

The Educational Credit Management Corporation will resumes its efforts to collect on Hann’s loans because Hann's claims that she does make enough money to pay her full loan payment each month and they should be forgiven, <u>is not tenable because ECMC is now informed that Hann is employed and makes an average salary for her occupation.</u>

The court is likely to strike out her claims alleging that she is insolvent and cannot pay her debts, in order to obtain relief from her debts <u>because there is evidence of employment and earnings of average income</u>

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The following transactions were completed by the company.
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Answer:

a.

Assets : Increase by $6,000

Liabilities : No effect

Equity : Increase by $6,000

b.

Assets : Increase by $4,500

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Equity: Increase by $4,500

c.

Assets : Decrease $1,650

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Equity : Decrease $1,650

d.

Assets : Increase $2,250, Decrease $2,250

Liabilities ; No effect

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e.

Assets : Decrease $800

Liabilities : No effect

Equity : Decrease $800

Explanation:

a.

Recognize Revenue and Assets of Cash

b.

Recognize Revenue and Assets in Trade Receivable

c.

Recognize an expense and de-recognize the Assets of Cash

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Recognize Assets in Cash and de-recognize Assets in Accounts Receivables.

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6 0
4 years ago
When a firm issues 50,000 shares with a par value of $5 for $22 per share, additional paid-in capital will:
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Answer:

The additional paid-in capital will increase by $850,000

Explanation:

Additional paid up capital: It is that paid up capital which is excess of par value. It is mentioned in the balance sheet when new shares is issued.

The computation of additional paid up capital are shown below:

= Difference of per share price × Number of shares

where,

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So, the value equals to

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When policy makers have identified that there is a problem that needs fixing but cannot seem to agree on the way forward, this is known as a <em>Decision - Making Lag or simply the Decision Lag.</em> It is one of the 3 specific inside Policy Lags and can be devastating due to the uncertainty of time it might take.

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Answer:

The correct answer is the option A: True.

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