Which of the following claims will be paid first from the debtor's estate under Chapter 7?
a. A gap creditor with a claim of $2,000.
b. A state claiming $5,000 in back taxes.
c. The trustee's expenses of $3,000.
d. Employees claiming unpaid wages of $5,000 for wages earned within 90 days of the bankruptcy filing.
c
You might also like to view...
Describe how constructive criticism must be delivered
Enforcement of law in a society is important because it:
a. provides some predictability and uniformity to the boundaries of acceptable conduct b. promotes social well-being c. leads to higher literacy rates d. prevents large disparities in income e. none of the other choices
A company had the following cash flows for the year:(a)Purchased land, $60,000(b)Borrowed from a local bank, $100,000(c)Paid employee salaries, $50,000(d)Issued common stock, $75,000(e)Paid dividends, $20,000(f)Sold equipment, $40,000(g)Sold services to customers, $120,000What amount would be reported for net financing cash flows in the statement of cash flows?
A. $40,000. B. $70,000. C. ($20,000). D. $155,000.
________ are perceptions of whether a stressor is irrelevant, positive, or negative.
A. Tertiary appraisals B. Secondary appraisals C. Coping strategies D. Primary appraisals E. Escape strategies