Persons who cannot meet their debts as they fall due will be automatically declared bankrupt
Indicate whether the statement is true or false
FALSE
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Which of the following is the most likely payoff of studying management as a discipline?
A. You will understand how to brand your organization. B. You will understand how to relate to and interact with your supervisors and co-workers. C. You will understand how to manage your family and close friends more effectively. D. You will understand how to deal with the media in a crisis. E. You will understand how to advance your career without guilt.
Meera Ganguly is the chief executive officer and Todd Bradley is the chief financial officer of Maxwell Inc. Both unknowingly signed the financial report for the year 2006-07, which was later found to be fraudulent and misleading. Given this scenario, which of the following is true of the CEO and the CFO of Maxwell Inc.?
A. Under RICO, only the CFO will be liable for punishment. B. Under the Sarbanes-Oxley Act, both of them must reimburse the company. C. Under the Sarbanes-Oxley Act, only the CEO will be liable for punishment. D. Under RICO, both of them are required to reimburse the company.
A person who has been authorized to sign a negotiable instrument on behalf of another person is known as a(n) ________
A) holder in due course B) accommodation party C) agent D) principal
On April 1, Santa Fe, Inc. paid Griffith Publishing Company $1,548 for 36-month subscriptions to several different magazines. Santa Fe debited the prepayment to a Prepaid Subscriptions account, and the subscriptions started immediately. What amount should appear in the Prepaid Subscription account for Santa Fe, Inc. after adjustments on December 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?
A. $0. B. $516. C. $1,548. D. $1,161. E. $387.