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 answer-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...
Only internal audit function can perform an audit? A. True B. False
True or False: The following annual cash flows in years 1 thru 7, respectively, have a single real positive-valued root: $-\$ 100,+\$ 15,-\$ 25,+\$ 75,-\$ 10,+\$ 50$, $+\$ 50$.
The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers: July 1. Sold merchandise...
Direct Labor Budgeted $14,200, Actual $14,200, Indirect Labor Budgeted 5,800, Actual 5,400, Utilities Budgeted 1,900, Actual 2,200, Rent Budgeted 3500, Actual 3500, Marketing Budgeted 150, Actual...
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
3/4 x + 5/2 < 7/8 5/2 x Describe the solution set as an inequality, in interval notation, and on a graph.
Explain the use, reasoning and importance of MR = MC. How does this equation affect consumer welfare(benefit)?
Expand x+2y+1 in powers of (x-1) and (y-2) upto second degree terms by applying the Taylor's theorem. Q.2 Find the Taylor series expansion of es at (1,1) in powers of x and y upto second degree. Q.3...
Suppose that the Federal Reserve purchases $100,000 in U.S. government bonds. Explain why this policy will have a similar effect on the money supply as the $100,000 deposit into U.S. banks.
A block of mass m 13,7 kg is attached to the free end of a light string wrapped around a reel of radius R = 0, 42 m and mass M = 7,2 kg. The reel is a uniform disk and fixed on an axis about which it...
Determine the costs associated with offering your product. 1. Which costs are fixed and which are variable? 2. Determine the cost & price of a single unit of your product by using formula. 3. Discuss...
A rocket ship leaves earth at a speed of 5/3c. When a clock on the rocket says 1 hour has elapsed, the rocket ship sends a light signal back to earth. (a) According to earth clocks, when was the...
In each of the following independent cases, document the system using whatever technique(s) your instructor specifies. a. Dreambox Creations (www.dreamboxcreations.com/) in Diamond Bar, California,...
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....
Cruse Cleaning offers residential and small office cleaning services. An average cleaning service has the following price and costs. Sales price Variable costs Fixed costs $ 137.00 per service 99.00...
! Required Information [The following Information applies to the questions displayed below.] Pro-Weave manufactures stadium blankets by passing the products through a weaving department and then a...
For each Organizational Behavior Model, identify an existing business that you think is a best example, base on what you have observed or known of. Justify your example, to include a short background...

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