A ____________ uses an average of a debtor's last six months of gross income to determine whether an applicant must file for bankruptcy under chapter 7 or 13 of the bankruptcy code.
A. ways test
B. means test
C. income test
D. feasibility test
E. bankruptcy test
B. means test
You might also like to view...
On January 1, 2016, Randolf Company signed a contract to have Rory Associates construct a manufacturing facility at a cost of $14,000,000. It was estimated that it would take three years to complete the project. Also on January 1, 2016, to finance the construction cost, Randolf borrowed $14,000,000 payable in seven annual installments of $2,000,000 plus interest at the rate of 9%. During 2016,
Randolf made progress payments totaling $5,000,000 under the contract, and the average amount of accumulated expenditures was $3,000,000 for the year. The excess borrowed funds were invested in short-term securities, from which Randolf realized investment income of $330,000. What amount should Randolf report as capitalized interest at December 31, 2016? A) $ 0 B) $ 270,000 C) $ 510,000 D) $1,260,000
On the work sheet, the capital and drawing account balances are extended to the Balance Sheet columns
Indicate whether the statement is true or false
Which of the following addresses whether the project requirements and execution comply with the regulatory and company-specific guidelines?
A) risk management plans B) project implementation audit C) business case justification D) system documentation
The sole proprietorship has no legal business structure separate from its owner
Indicate whether the statement is true or false