Abe has an allowed claim of $5,000 against the estate of Deborah and has a security interest in her art collection in the amount of $3,000 of the $5,000 claim
a. Abe will recover nothing in the bankruptcy proceeding.
b. Abe will recover $5,000 in the bankruptcy proceeding.
c. Abe has a secured claim in the amount of $3,000 and an unsecured claim in the amount of $2,000.
d. It would be a voidable preference to pay Abe the full $5,000.
c
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In an accrual accounting system,
a. all accounts have normal debit balances. b. a debit entry is recorded on the left-hand side of an account. c. liabilities, owner's capital, and dividends all have normal credit balances. d. revenues are recorded only when cash is received.
Rogue Recreation, Inc has normally distributed returns with an expected return of 15% and a
standard deviation of 5%, while Lake Tours, Inc has normally distributed returns with an expected return of 15% and a standard deviation of 15%. Which of the following is true? A) Rogue Rec is likely to experience returns larger than those of Lake Tours. B) Rational investors will prefer Lake Tours, Inc. over Rogue Recreation, Inc. C) Lake Tours is more likely to have negative returns than Rogue Rec. D) Lake Tours' investors are not being adequately compensated for relevant risk.
Due to clientele effect, Modigliani and Miller argue that the shareholders get what they expect and, thus, the value of a firm's stock is unaffected by dividend policy
Indicate whether the statement is true or false
Adverse possession cannot arise from a mistake on boundary lines
Indicate whether the statement is true or false