A discharge does not release a person from a consumer debt to a single creditor totaling more than $5,775 for luxury goods or services if the debt was incurred within how many days of the order for relief?
A) 90
B) 120
C) 180
D) 365
A
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If the balance on the bank statement does not equal the balance in the cash account, then it can be assumed that:
a. The company has no errors in its records concerning the cash account. b. The bank has made errors in preparing the statement. c. The company has made errors in is records concerning the cash account. d. There will be items reconciling the difference.
On June 3, Maryland Company purchased merchandize worth $800 on credit, terms 2/10, n/30 . The amount paid on June 10 . What is the required journal entry to record the payment under the periodic inventory system?
a. Accounts Payable 784 Purchases Discounts 16 Cash 800 b. Accounts Payable 800 Purchases Discounts 16 Cash 784 c. Cash 784 Purchases Discounts 16 Accounts Payable 800 d. Cash 800 Purchases Discounts 16 Accounts Payable 816
According to the RULPA, what liability does a corporation have if it is a general partner to a limited partnership?
A) unlimited personal liability B) liability restricted to debts up to its capital contributions C) liability of termination as partner D) unlimited organizational capital liability
An oral will can also be referred to as:
A) a pour-over will. B) a nuncupative will. C) a joint will. D) a codicil.