Jake declared personal bankruptcy in Ontario in 2015. Which of the following assets could JakeNOT keep?
A) $8,000 worth of furniture
B) a $7,000 pick up truck
C) $10,000 in a life insurance policy
D) $5,000 in clothes and hockey equipment
E) he can keep all of these assets
B
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Which of the following is an example of an advance directive?
A. Intestacy B. Living will C. Escheat D. Codicil
When the direct write-off method of recognizing bad debt expense is used, the entry to write off a specific customer account would
a. increase net income. b. have no effect on net income. c. increase the accounts receivable balance and increase net income. d. decrease the accounts receivable balance and decrease net income.
Which of the following is not an element of a case brief?
a. Facts b. Analysis c. Issues d. Judicial history e. Precedent
A firm is weighing three capacity alternatives: small, medium, and large job shop. Whatever capacity choice is made, the market for the firm's product can be "moderate" or "strong"
The probability of moderate acceptance is estimated to be 40 percent; strong acceptance has a probability of 60 percent. The payoffs are as follows. Small job shop, moderate market = $24,000; Small job shop, strong market = $54,000. Medium job shop, moderate market = $20,000; medium job shop, strong market = $64,000. Large job shop, moderate market = -$2,000; large job shop, strong market = $96,000. Which capacity choice should the firm make?