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3 years ago

How many cases of bankruptcy cases are provided for in the bankruptcy code

1 answer:

4 0

There are six types of bankruptcy cases that are provided for in the bankruptcy code, They are:

Chapter 7, Chapter 9, Chapter 11, Chapter 12, Chapter 13, Chapter 15

In short, Your Answer would be Option B

Hope this helps!

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The following events occurred last year for the Bronze Company: Purchase of treasury stock $50,000 Issuance of common stock 90,0

Lana71 [14]

Answer:

Net Cash Flow from Financing Activities $150,000

Explanation:

Data provided in the question:

Purchase of treasury stock = $50,000

Issuance of common stock = 90,000

Payment of dividends to common stockholders = 10,000

Sale of equipment = 17,000

Now,

Net cash flow from financing activities will be

Issuance of common stock $90,000

Purchase of treasury stock $50,000

Payment of dividends to common stockholders $10,000

==============================================================

Net Cash Flow from Financing Activities $150,000

Note: Sales of equipment is not included in financing activity

6 0

3 years ago

The job _______ results in two written statements: one that specifies the responsibilities, duties and working conditions of the

elena-14-01-66 [18.8K]

Answer:

The word "Analysis" would most likely fit the statement.

Explanation:

The job analysis results in two written statements: one that specifies the responsibilities, duties, and working conditions of the job, and the other setting forth the minimal education and skills required to do the job.

7 0

3 years ago

A german firm raising capital by selling stock through the london stock exchange is an example of _____.

antiseptic1488 [7]

A german firm raising capital by selling stock through the london stock exchange is an example of transnational financing.

Transnational financing occurs when a firm goes to another country to raise capital through the issue of stocks and bonds.

7 0

3 years ago

Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software

Whitepunk [10]

Answer:

Tech Solutions

1. The predetermined overhead rate is:

= $6

2. The total job cost for the Xavier Company engagement is:

= $79,470

Explanation:

a) Data and Calculations:

Estimated direct labor-hours for the year = 55,000

Estimated fixed overhead cost = $302,500

Estimated variable overhead cost ($0.50 per DLH) = $27,500

Total overhead costs = $330,000 ($27,500 + $302,500)

Actual overhead cost for the year = $321,300

Actual total direct labor-hours = 58,850

Predetermined overhead rate = $6 ($330,000/55,000)

Xavier Company's Job:

Direct materials $ 50,850

Direct labor cost $ 27,300

Direct labor hours worked 220

Applied overhead = $1,320 ($6 * 220)

Total job cost = $79,470

6 0

2 years ago

Assume that cash is paid for rent to cover the next year. The appropriate debit and credit are:

vitfil [10]

Answer:

The correct answer is letter "B": Debit Prepaid Rent, credit Cash.

Explanation:

Prepaid rent is the rent paid in advance. Usually, rent payments are made every month by the beginning of the month but other timeframes can also be agreed upon the lease. Prepaid rent is debited to prepaid assets and credited to accounts payable. When the check for the payment is cut, accounts payable is debited and a cash account is credited.

4 0

3 years ago