In 2015, Capital Drywall and Old Fort supplied materials to Complete Construction & Demolition, Inc (Contractor) for the reconstruction of a hotel on U.S. Highway 31 in South Bend, Indiana. Neither Capital Drywall nor Old Fort received payment for those materials. The Contractor went bankrupt. Capital filed a lien on April 25, 2015. Old Fort filed a lien on September 11, 2015. Old Fort is owed
$160,000, Capital is owed $140,000. There is $156,000 left to distribute to unpaid lienholders. How much will each receive under the common law rule for distribution of funds to lienholders?
A) Capital receives $140,000 and Old Fort receives $16,000
B) Capital receives $78,000 and Old Fort Receives $78,000
C) Capital receives $72,800 and Old Fort receives $83,200
D) Capital receives $70,000 and Old Fort receives $80,000, with the $6,000 being split between them
C
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The book value per share for a corporation is
a. the market price of the stock. b. the cost of investments in stock of other corporations. c. based on the excess of total assets over total liabilities. d. the amount stockholders would receive if they sold their shares back to the corporation.
Asset disposal
a. occurs as soon as an asset is fully depreciated b. requires no special authorization c. automatically initiates the purchase of a replacement asset d. must follow formal authorization procedures
________ is best suited for descriptive research
A) An online discussion B) Ethnographic research C) Netnography research D) A survey E) A focus group
The primary use of ______ is to support specific points, to engage the audience.
Fill in the blank(s) with the appropriate word(s).