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Evgesh-ka [11]
3 years ago
6

Maria, a certified financial planner, must also be a licensed attorney to be appointed Trustee of a bankruptcy estate. A. True B

. False
Business
1 answer:
seropon [69]3 years ago
6 0

Answer: False

Explanation:

Bankruptcy Trustees are usually lawyers and this is why people think that they must always be lawyers but this is not the case.

The United States Trustee who is an officer of the Department of Justice and the one in charge of appointing Bankruptcy Trustees, can appoint a person other than a licensed attorney to be the representative of an estate for bankruptcy related matters (trustee) such as accountants or financial planners.

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When partners own different portions of the business, the terms should be stated clearly in what document?
seropon [69]

The answer is the partnership agreement.

You would not have articles of incorporation because this is not a corporation but a partnership.

The executive summary is just a brief outline of what is to come in the document it is attached to.

The business summary would not contain this information.

the only logical answer is the partnership agreement that will list how much equity each partner is to have in the company moving forward.

7 0
3 years ago
Read 2 more answers
A business buyer wants to acquire a business in its totality, including the business identity and all rights, obligations, liabi
Brums [2.3K]
<span>Actually in this scenario the business buyer should do type of transaction that would merge the buying business with the parent business or company, and also the business buyer should buy all the shares and stakes of the buying business along with the copyrights, which would cover all the buying companies performing assests along with non-performing assests all in one shot surely with mutual merging.</span>
7 0
4 years ago
Read 2 more answers
Which of the following is income that includes all changes in stockholders' equity during a period except those resulting from i
natulia [17]

Answer:

c. Comprehensive income.

Explanation:

According to my research on different investment strategies, I can say that based on the information provided within the question the term being described is called Comprehensive Income. Like mentioned in the question this type of income includes all changes in equity during a period except those resulting from investments by owners of the stocks and distributions to those owners (dividends).

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
3. At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70. What is the expected win
kykrilka [37]

Answer: $60

Explanation:

From the question, we are informed that At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70.

The expected winning bid if there are four bidders goes thus:

Since there are four bidders, the probability that the winning bid is $50 is 1/2 and for $70, it's 1/2 as well based on the question.

The expected winning bid will now be:

= ($50 × 1/2) + ($70 × 1/2)

= ($50 × 0.5) + ($70 × 0.5)

= $25 + $35

= $60

8 0
3 years ago
Robin Corporation retires its $800000 face value bonds at 104 on January 1, following the payment of annual interest. The carryi
LekaFEV [45]

Answer:

The correct option is debit of $2040 to Loss on Bond Redemption

Explanation:

The unamortized premium on the bonds at redemption date=carrying value-face value

carrying value is $829,960

face value is $800,000

unamortized premium=$829,960-$800,000=$29,960

cash paid on redemption=$800,000*104%=$832,000.00  

The appropriate entries would a credit to cash of $ 832,000 while face value is debit to bonds payable and also the unamortized premium is debited to premium on bonds payable

loss on retirement=$832,000-$829,960=$2040

The loss is debited to loss on bond redemption

4 0
4 years ago
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