When a business owner files an out-of-existence certificate, it extinguishes all business debts. a. True b. False

Question:

When a business owner files an out-of-existence certificate, it extinguishes all business debts.

a. True

b. False

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law And Strategy

ISBN: 9780077614683

1st Edition

Authors: Sean Melvin, David Orozco, F E Guerra Pujol

See More Books

Question Posted: Mar 07, 2024 02:01 AM

See More Questions

Part A Contracts and UCC Article Question Required: What law applies to this sales transaction? Does Mark have a defense to perform the contract (buying the lot)? Why or why not? Explain. Would your...
It is very common, when a business owner thinks that every single employee should leave the same contribution to the company as a business owner does. This might lead to the misunderstanding inside...
(a) Find the Laplace transform of the voltage shown in Fig. 16.52(a). (b) Using that value of vs (t) in the circuit shown in Fig. 16.52(b), find the value of v0 (t). v,(0) 3 V 0 1s al 112
What types of cost drivers are used in traditional management accounting systems when costs are classified as fixed or variable? What types of cost drivers are used in more recent approaches, such as...
Many people today are asking what the U.S. government should do when people who need health care cannot afford it. Is less-than-universal access to health care an example of a market system...
From the following information calculate margin of safety: Year 2006 2007 P/V Ratio 25% 30% Profit Rs. 75,000 Rs. 1,20,000 [Ans.: (1) For 2006-Rs. 3,00,000, (2) For 2007-Rs. 4,00,000]
On September 1, 2010, Winans Corporation acquired Amount Enterprises for a cash payment of $700,000. At the time of purchase, Amounts balance sheet showed assets of $620,000, liabilities of $200,000,...
You recently purchased a share of Yellow Submarine stock that is expected to earn 15 percent in a booming economy, 10 percent in a normal economy, and 1 percent in a recessionary economy. There is a...
Effective financial statement analysis requires an understanding of a firms economic characteristics. The relations between various financial statement items provide evidence of many of these...
Ellison ran a small company, and both he and his company filed for bankruptcy in 1994. The court issued an automatic stay to creditors. A month later the IRS contacted Ellison about unpaid taxes from...
An assignment for the benefit of creditors (ABC) is a form of liquidation. a. True b. False
Developing countries have complained that the terms of trade they face are unfavorable. If they voluntarily engage in international trade, what do you suppose they mean by unfavorable terms of trade?
Solve the Differential equation. xydx+dy=0
What is Hue and saturation?
Explain traversing on the following parcel.Provide one numerical example.
Explore the role of post-occupancy evaluation in commercial and industrial architecture. How do architects use feedback from building users to improve future designs?
Analyze the impact of sustainable construction on biodiversity and ecosystem services. How can construction practices be adapted to minimize impacts on local ecosystems and enhance biodiversity?
Money market instruments are used as investment vehicles for otherwise idle cash. Discuss the most important criterion for asset selection in investing temporarily idle cash.
3.16. For a system with non-identical service rates (see Sect. 3.5) and a limit of N jobs in the system (Eq. 3.13), obtain an expression for the mean service time per job, E[Ts], as a function of the...
Glenda, a single taxpayer from Kansas, paid for more than one-half of the support for her mother, Dorothy. Dorothy did not live with Glenda in Kansas, but rather has lived in a nursing home in an...
Karl is a single taxpayer and has listed his brother, Jonas, as a dependent (qualifying relative). Head of household filing status seems preferable for Karl. What questions should you ask Karl to...
Joan, who was divorced in 2022, had filed a joint tax return with her husband in 2021. During 2022, she did not remarry and continued to maintain her home in which her two dependent children lived....
A contractor constructed a house for resale, which was sold immediately. For tax purposes, this is an example of A) capital income. B) business income. C) other income. D) property income.
You invest $100 in a risky asset with an expected rate of return of 0.12 and a standard deviation of 0.15 and a T-bill with a rate of return of 0.05. What percentages of your money must be invested...
Nanometrics, Inc., has a beta of 3.43. If the market return is expected to be 13.50 percent and the risk-free rate is 7.00 percent, what is Nanometrics required return? (Round your answer to 2...

When a business owner files an out-of-existence certificate, it extinguishes all business debts. a. True b. False

Question:

Step by Step Answer:

Business Law And Strategy

Students also viewed these Social Science questions