Question
you paid 10,000 to buy 1% of the stock in a corporation that is now bankrupt. the company owes $10 million dollars to it creditors.
you paid 10,000 to buy 1% of the stock in a corporation that is now bankrupt. the company owes $10 million dollars to it creditors. as a result of the bankruptcy. you are responsible for paying 100,000 (or $10 million *1%) of the amount owed to the creditors. true or false?
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A Journey Into Auditing Culture
Authors: Grant Thornton United Kingdom, Susan Jex, Eddie J. Best
1st Edition
1634540565, 978-1634540568
