Donner has a $10,000 judgment against him for a debt owed to a creditor. If Donner files for bankruptcy and receives a discharge from the bankruptcy court, he will no longer be obligated to pay the judgment
Indicate whether the statement is true or false
True
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161. On July 1 of the current calendar year, Olive Co. paid $7,500 cash for management services to be performed over a two-year period beginning July 1. Olive follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Olive would include:
A. A credit to a liability and a debit to a prepaid expense for $1,875. B. A debit to an expense and a credit to a prepaid expense for $5,625. C. A debit to a prepaid expense and a credit to an expense for $1,875. D. A debit to a prepaid expense and a credit to Cash for $5,625. E. A debit to an expense and a credit to a prepaid expense for $1,875.
Answer the following statements true (T) or false (F)
1) When a company is evaluating an investment proposal with high risk, a low discount rate should be used. 2) When the internal rate of return is the same as the required rate of return, the net present value of an investment will be positive. 3) The internal rate of return (IRR) is the rate of return, based on discounted cash flows, of a capital investment. 4) If an investment's internal rate of return is higher than the required rate of return, the company should reject the investment. 5) The discounted cash flow methods of evaluating capital investments are superior because they consider both the time value of money and the profitability of the investment.
The methods of evaluating capital investment proposals can be grouped into two general categories that can be referred to as (1 ) average rate of return and (2 ) cash payback methods
Indicate whether the statement is true or false
All of the following are challenges faced by bricks-and-clicks firms except:
A. coordinating prices across channels. B. handling returns of online purchases at retail outlets. C. building a credible website. D. building a brand name.