In some cases, the property of a debtor will not be available to a creditor who wishes to attach and sell it to satisfy an outstanding debt. Exempt property often includes:
a. the family house
b. the family jewelry
c. some tools used in the debtor's trade
d. the family house and some tools used in trade
e. the family house, jewelry, and some tools used in trade
d
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When there is no beginning Finished Goods Inventory and all the goods that are produced are sold, the operating income ________.
A) will be higher under absorption costing than variable costing B) will be lower under absorption costing than variable costing C) will be higher than the gross profit under variable costing D) will be the same for both absorption costing and variable costing
The assumption that as climate change continues to impact the world, the vulnerability of suppliers and the raw materials needed for manufacturing will decrease is called _____________.
a. regulatory risk b. supply chain risk c. physical d. litigation risk
Discuss the marketing strategy
What will be an ideal response?
The beginning Merchandise Inventory balance totals $40,000, and the ending Merchandise Inventory balance totals $45,000 . The adjusting entry for the ending merchandise inventory will:
a. debit Merchandise Inventory and credit Income Summary for $45,000. b. debit Merchandise Inventory and credit Income Summary for $40,000. c. debit Income Summary and credit Merchandise Inventory for $40,000. d. debit Income Summary and credit Merchandise Inventory for $45,000. e. debit Merchandise Inventory and credit Capital for $45,000.