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DerKrebs [107]
3 years ago
12

.............................................................................

Business
1 answer:
ahrayia [7]3 years ago
6 0

In 2005, bankruptcy reform laws:

A: made student loans dischargeable in bankruptcy

B: required debtors to pay more of their debts in bankruptcy

Answer:

B: required debtors to pay more of their debts in bankruptcy

Explanation:

The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) which was passed in 2005, reviewed the bankruptcy process in America.

This law was reviewed because it wanted to prevent abuse of the bankruptcy process.

Therefore, In 2005, bankruptcy reform laws required debtors to pay more of their debts in bankruptcy.

You might be interested in
Which of the following statements (if later established as untrue) would constitute a misrepresentation defense to contract form
schepotkina [342]

Answer:

c. "This farm's well is adequate for household, ranch, and crop needs."

Explanation:

In common law jurisdictions, a misrepresentation is an untrue or misleading statement of fact made during negotiations by one party to another, which induces the other party to enter into the contract.

Only option C above reflects a statement that can be made during negotiation and would most likely induce the acquiring or renting party to enter the contract because it is a benefit on which the price of the property can be determined and buyers respond to perceived benefits.

6 0
3 years ago
A customer purchased a $2, 700 item at Appliance World, paying with a credit card. Appliance World is charged a 2% fee by the cr
dalvyx [7]

Answer:

B.

Explanation:

Credit card is one of the most common way of making payment while a customer purchases anything in the market. The credit card company charge an amount that is payable by the seller.Thus, it is an expense for the one selling the product.

Given:

Credit card fee: 2%

Sales = $2,700

Credit card charges can be calculated as:

Credit card charges = Sales*Credit card fee

Credit card charges = $2,700*2%

Credit card charges = $54

Now, credit card charge is an expense so it will be debited. The amount is yet to be received so accounts receivable will also be debited. The revenue has been earned so it will be credited.

Thus, the journal entry for the given transaction has been attached below:

4 0
3 years ago
What is the difference between net worth and worth​
notka56 [123]

Answer:

I found this off of google, "People often get caught up in how much income they earn. This is because income is the primary source of creating wealth for individuals. ... Net worth is the value of all assets minus all liabilities at a given point in time."

Hope this helps, have a great day/night and stay safe! :) :D :3

7 0
3 years ago
For the following items, specify whether information would be found in the balance sheet, the income statement, the statement of
marissa [1.9K]

1. Amount of bond liability Balance Sheet

2. Description of bond liability. Footnotes

3. Interest rates associated with bond issuances. Balance sheet

4. Interest paid for the period. Profit and Loss Account

5. Maturity dates associated with bond issuances. Balance sheet.

6. Cash interest paid during the period. cash flow statement.

A balance sheet (also known as a balance sheet or management report) is a personal Or a summary of the organization's financial balance. commercial entity.

Assets, liabilities, and equity are listed as of a specific date (such as the end of the fiscal year). A balance sheet is often referred to as a "snapshot of a company's financial position." of the four basic degrees.

learn more about balance sheet here;  brainly.com/question/1113933

#SPJ4

8 0
2 years ago
he Bread Company promotes its brand in new international markets by providing rights to local bakeries and bistros to use its re
ale4655 [162]

Answer:

licensing

Explanation:

Licensing -

It refers to the agreement or the permission given by one company to another company , in order to manufacture a specific goods or services , is referred to as licensing .

The permission can be of various forms like copyrights , trademarks , patents , design , formulas etc.

Hence , from the given scenario of the question ,

The correct answer is licensing .

5 0
3 years ago
Read 2 more answers
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