In order to establish a superior right, a creditor must:
a. prohibit a default
b. insure the debt instrument
c. place a notice of the interest in the Federal Register
d. keep the existence of the security interest a guarded right e. none of the other choices
e
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Answer the following statements true (T) or false (F)
The essence of SFAS No. 142 is that goodwill must now be amortized over 40 years.
Responsiveness works well with process-driven services
Indicate whether the statement is true or false
Using debt and preferred stock in the capital structure of a firm will _____.
A. increase financial risk B. decrease business risk C. increase the tax payable by the firm. D. decrease operating leverage E. increase the book value of common stock
An involuntary petition for bankruptcy can be filed with respect to a:
A) nonprofit charitable organization. B) partnership that invests in real estate. C) life insurance company. D) wheat farmer.