Kevin transfers $10,000 to his brother to pay off a loan. Two months later, Kevin files for bankruptcy. This transaction can be voided by the bankruptcy trustee.
Answer the following statement true (T) or false (F)
True
Transfers done within 90 days of filing for bankruptcy may be voided by the trustee.
You might also like to view...
The Land and Building accounts may be combined into one account
Indicate whether the statement is true or false
Which of the following is not a behavior consistent with factors of transformational leadership?
A. presenting challenging problems to solve B. collaborating on a shared vision C. communicating details of an employee bonus program D. spending the morning with one employee to mentor her
The staffing of an organization is considered part of which management function?
a. organizing b. controlling c. planning d. leading
Business risk taking refers to the risk associated with entering untested markets or committing to unproven technologies.
Answer the following statement true (T) or false (F)