Answer the following statement(s) true (T) or false (F)
In bankruptcy terms, Chapter 7 is often called liquidation.
ANSWER: True
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Which of the following statements is true?
A) One of the essential characteristics of a liability is that the transaction or other event obligating the entity will probably occur in the future. B) In order for there to be a liability, a duty or responsibility must be present that obligates a particular entity. C) In order for there to be a liability, a legally enforceable claim must be present. D) In order to have a liability, the identity of the recipient must be known.
Rewards and compensation structures have no impact on the emotions of workers.
Answer the following statement true (T) or false (F)
During Year 9, Hart Motors Corp had a net $100,000 decrease in Warranties Payable. The T-account work sheet for preparing the statement of cash flows
a. adds this decrease in Warranties Payable so that cash flow from operations reports cash expenditures, not expenses. b. subtracts this decrease in Warranties Payable so that cash flow from operations reports cash expenditures, not expenses. c. adds this decrease in Warranties Payable so that cash flow from operations reports cash expenses, not expenditures. d. subtracts this decrease in Warranties Payable so that cash flow from operations reports cash expenses, not expenditures. e. subtracts this decrease in Warranties Payable so that cash flow from financing reports cash expenses, not expenditures.
Suppose the interest rate on a 1-year T-bond is 5.00% and that on a 2-year T-bond is 6.80%. Assume that the pure expectations theory is NOT valid, and the MRP is zero for a 1-year T-bond but 0.40% for a 2-year bond. What is the yield on a 1-year T-bond expected to be one year from now? Round the intermediate calculations to 4 decimal places and final answer to 2 decimal places.
A. 7.43 B. 8.52 C. 6.57 D. 7.82 E. 5.86