Which of the following statements is FALSE?
A) a person who declares bankruptcy and then earns income before they are discharged may have the time period for discharge extended to 21 months
B) if you declared bankruptcy and have not yet been discharged, extra debts you incur will not be discharged by that bankruptcy if you failed to warn the creditor of your bankrupt status
C) a corporation that declares bankruptcy is not discharged from its debts unless the debts are fully paid off
D) a person may be able to keep some money in an RRSP or RRIF even if they declare bankruptcy
E) an income tax debt of $175,000 cannot be discharged in a personal bankruptcy
E
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Indicate whether the statement is true or false
What is moral hypocrisy?
What will be an ideal response?
While preparing a traditional income statement, the costs are shown into which of the two categories?
A) Direct materials and indirect materials B) Product and period C) Variable and fixed D) Avoidable and unavoidable
How does horizontal integration within an industry affect the surviving firms?
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