Iris received a discharge under a Chapter 7 bankruptcy. She cannot receive another discharge under Chapter 7 for at least:
a. six years after the prior filing.
b. eight years after the prior filing.
c. ten years after the prior discharge.
d. She cannot file another Chapter 7, but could file a Chapter 11 or 13 bankruptcy.
b
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The Keweenaw Sunshine Development Corporation reported the following for the year ended December 31, 2018: 1/1/18 12/31/18Discount on Bonds Payable$17,500 $15,750 Interest Payable$19,500 $17,350 Interest Expense $47,750 How much cash did Keweenaw pay for interest during 2018?
A. $51,650 B. $46,350 C. $48,150 D. $43,850
Which of the following represents the subset of board of directors that acts as a direct contact between stockholders and the independent accounting firm?
a. External Auditors b. Internal audit staff c. Audit Committee d. Stockholders' representative
The account that should be credited for the total income tax withheld from employee's earnings is
a. FICA Tax Payable; b. FICA Tax Expense; c. Employees Income Tax Payable; d. Employees Income Tax Expense; e. Cash.
Which of the following statements is TRUE of a bond that is issued at a premium?
A) The bond will be issued at an amount above face value. B) The stated interest rate is lower than the prevailing market interest rate. C) At maturity, the bond will repay an amount that is greater than the face value. D) The bond will be issued at par.