Which of the following must be stated in a Chapter 7 bankruptcy petition?
A) That the debtor is not paying debts as they come due
B) For voluntary petitions, that the debtor has debts, and for involuntary petitions, that the
debtor is not paying debts as they come due
C) For both voluntary and involuntary petitions, that debts exceed assets
D) For voluntary petitions, that the debtor is not paying debts as they come due, and for
involuntary petitions, that the debtor has debts
B
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Choice Mining Co paid $9,000 for some land that was expected to have 50,000 units of a natural resource on it. Development costs amounted to $520. It was expected that the land would require $780 of reclamation costs after production. In the first year of mining, 5,000 units of the natural resource were mined. At the beginning of the second year, it was estimated that only 40,000 units of the
natural resource remained and estimated reclamation costs should be increased to $960. In the second year, 8,000 units were mined. What was the amount of depletion for the second year? A) $1,714 B) $1,854 C) $1,890 D) $2,046
Comprehensive income as displayed on the income statement represents:
a. an asset-liability approach. b. a revenue-expense approach. c. a current operating approach. d. none of the above.
Bernadette uses task performance behaviors to ensure that the work of her business unit gets done. Therefore, she
A. focuses on work speed, quality and accuracy, quantity of output, and compliance with the rules. B. uses a consensus decision-making approach. C. focuses on maintaining good relationships with each employee, praising them and reducing their stress. D. makes every decision. E. shares leadership responsibilities with her peers and subordinates.
______ refers to the production capability of a facility per unit of time.
a. Capacity b. Inventory buffer c. Demand d. Production volume