Which of the following is NOT a category for creditors in a bankruptcy proceeding?
A) preferred
B) secured
C) unsecured
D) unregistered
E) these are all categories for creditors
D
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An electronic chip manufacturer has a quarterly release of its products. What can you say about its strategy?
What will be an ideal response?
Arthur enters into a written contract with James that requires James to sell Arthur's farm. Arthur then hires Katherine to sell his farm without terminating the contract with James. Which of the following statements is true of this scenario?
A) James can sue Arthur for monetary damages only if their contract was an exclusive agency contract. B) James can sue Arthur for breach of contract on the grounds of duty of cooperation and ask for specific performance. C) Arthur has the authority to enter into a contract with Katherine without terminating the contract with James. D) If James has not completed the duties assigned to him in the contract, Arthur need not compensate James for his services.
Tender is a timely offer or expression of willingness to pay a debt or perform an obligation
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. PCAOB auditing standards must be followed on all financial statement audits performed in the U.S. 2. A financial statement audit must be conducted based on GAAP. 3. Generally, the financial statements of U.S. companies must be prepared based on GAAP. 4. PCAOB auditing standards must be followed on all audits of public companies' financial statements.