Advanced Financial Accounting

19. An order of relief is granted by the bankruptcy court in order to O Dissolve the company. OPrevent the bankrupt debtor from entering the premises of the business O Force the full payment of all debts owed by the company O Stop harassment of the debtor by the company's creditors. 20. On a statement of financial affairs O assets and liabilities are shown at their net realizable value O assets are shown at their net realizable value, and liabilities at the amount required for settlement O assets and liabilities are shown at their book value. assets and liabilities are shown at their fair value. 21. Which of the following is a disadvantage of the partnership form of business organization? Olt is difficult to legally form a partnership A partnership is required to pay income taxes. There is excessive governmental regulation of partnerships Partners have unlimited liability