12. The granting of credit can ____________.

a. increase common stock equity

b. decrease depreciation expenses

c. decrease irrecoverable debt

d. increase sales or core business is to offer credit

29. One of the following is NOT a consequence of bankruptcy order.

a. A statement of the assets and liabilities is drawn up.

b. The receiver summons a meeting of creditors of the individual after the bankruptcy order.

c. The official receiver does not take control of assets

d. The creditors of the individual appoint a trustee in bankruptcy

34. A pricing device that bears no relationship to the time of payment is referred to as _________.

a. Cash discount

b. Anticipation

c. Trade discount

d. Credit period