ABC company is insolvent. It has two employees to which it owes $7,000 each in wages for

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ABC company is insolvent. It has two employees to which it owes $7,000 each in wages for the last month, owes Canada Revenue Agency $15,000 and the Bank of Winnipeg $20,000. Jill is the sole director.

What is her personal liability?

Related Book For answer-question

Financial Accounting

ISBN: 978-0078111020

7th Edition

Authors: LibbyShort

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Posted Date: Apr 06, 2023 12:56 AM

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ABC company is insolvent. It has two employees to which it owes $7,000 each in wages for

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Expert Answer:

Personal liability is the obligation of an individual to pay the debt it inc... View the full answer

Financial Accounting

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