A composition would bind to the settlement all of debtor's creditors

Indicate whether the statement is true or false


False

Business

You might also like to view...

The bus topology connects the nodes in parallel

Indicate whether the statement is true or false

Business

Billie Jean's Bridals has total assets of $350,000, current assets of $74,000, total liabilities of $280,000, accounts receivable of $12,000, net sales of $64,000, and net profit after taxes of $23,000. Calculate the retailer's net profit percentage.

A. 31.1 percent B. 18.75 percent C. 20 percent D. 35.9 percent E. 25 percent

Business

A note receivable due in 18 months is listed on the balance sheet under the caption

A) long-term liabilities B) fixed assets C) current assets D) investments

Business

An asset was purchased for $120,000 and originally estimated to have a useful life of 10 years with a residual value of $10,000. After two years of straight line depreciation, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $2,000. Calculate this year's depreciation using the revised amounts and straight line method

A) $25,000 B) $11,000 C) $24,000 D) $24,500

Business