A(n) ________ is invoked when there are instances where a business must simply be closed, and selling the business consists of selling the "assets" of the business.
Fill in the blank(s) with the appropriate word(s).
Chapter 7 bankruptcy
Unfortunately, there are instances where the business must simply be closed. In this case, a Chapter 7 bankruptcy is invoked. In these cases, selling the business consists of selling the "assets" of the business.
You might also like to view...
Erika has found that getting up early enough to have a real breakfast has made her more productive and less stressed at work. Erika is managing stress through __________.
A. time management B. relaxation C. nutrition D. exercise E. treatment
Use the information below to answer the following question(s):Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = I Decrease = D No Effect = NA(Note that "No Effect" means that the event does not affect that element of the financial statements or that the event causes an increase in that element and is offset by a decrease in that same element.) Taylor Bennett began his sole proprietorship by contributing $25,000 of his own money to the business. 
What will be an ideal response?
In October, Ashton Co ordered machines from Ross Tool to secure propellers onto airplanes. Delivery was set for December. In November, Clyde told Ashton that its propeller supplier could not ship propellers that would fit the Ross machines. Ashton told Ross that it was canceling the contract for the machines. Ross may sue:
a. Clyde for breach to recover additional expenses not compensated by a resale or salvage b. Clyde for breach to recover additional expenses not compensated by a resale or salvage—but only if thecontract is governed by the CISG c. Ashton for breach to recover additional expenses not covered by the resale or the salvage d. Ashton for punitive damages only e. but will get nothing, it's stuck
_____is a business-oriented social networking site used for professional networking; users create a network made up of people they know and trust in business
Fill in the blank(s) with correct word