Which of the following is a feature of a Chapter 11 plan of reorganization?
A) an equilateral division of the Chapter 11 estate among all creditors
B) division of the bankruptcy estate according to the debt to be paid to each creditor
C) discharge of a debtor's unsecured debts and payment of secured debts
D) a proposed new capital structure for a debtor to assume when it emerges from Chapter 11 bankruptcy
D
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Which statement is true of an apprenticeship?
A. An apprenticeship cannot be sponsored by groups outside the firm. B. An apprentice can earn an income while learning a trade. C. An apprenticeship does not include any classroom training methods. D. An apprenticeship does not offer hands-on learning and practice. E. An apprenticeship is mostly used for teaching management and interpersonal skills.
Analog Corp., a multinational software company, spends time and makes efforts to satisfy its clients by identifying their needs and establishing policies and procedures to support excellence in service delivery. In this case, Analog Corp. is most likely to be a(n) ________.
A. offshoring organization B. outsourcing organization C. cottage industry D. customer-focused organization
During 2016, Debbie Company incurred $240,000 in legal fees in defending a patent with a carrying value of $4,500,000 against an infringement. Debbie's lawyers were not successful with the defense of the patent. The legal fees should be
A) expensed in 2016 and classified as ordinary expense. B) classified as an extraordinary item on the income statement for 2016. C) capitalized and amortized over the remaining legal life of the patent. D) capitalized and amortized over the remaining economic life or legal life of the patent, whichever is shorter.
The cash flow yield equals net income divided by net cash flows from operating activities
Indicate whether the statement is true or false