Applied Business Research
ACAMS Practice Questions
Accounting Cycle and Classifying Accounts
Accounting For Managers
Accounting for Merchandising Activities
Accounting for Pensions
Accounting Information Systems
Activity Based Costing
Adjusting Accounts for Financial Statements
Advanced Business Economics
Advertising and Public Relations
Advertising and Sales Promotion
An Overview of International Business
Analysis and Forecasting Techniques
Analyzing and Recording Transactions
Asset Demand and Supply under Uncertainty
Auditing and Attestation
Behavioral and Allied Sciences
Bonds and Long Term Notes Payable
Business Analytics & Technology Management Chapter 2
Business Analytics & Technology Management Chapter 3
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Business Analytics & Technology Management Chapter 5
Business Analytics & Technology Management Chapter 6
Business and Company Law
Business Ethics and Governance
Business Ethics Exam
Business Law Study guide
Business Organisations and Environment
Business organization and systems
Business Process Performance
California Real Estate
Capital Budgeting and Managerial Decisions
Changes in Accounting Principles
Changing Marketing Environment
Consolidated Financial Statements
Corporate and Business Law
Cost Accounting Final exam
Cost Accumulation Systems
Cost Allocation Techniques
Cost and Managerial Accounting
Cost of Capital
Cost Terms and Classifications
Cost Volume Profit Analysis
Currency Exchange Rates
Customer Relationships and Value
CVP Analysis and Marginal Analysis
Debt and Bankruptcy
Decision Makers Household Sector
Demand for Money
Derivative Instruments and Hedging Activities
Dividends, Shares, and Income
Elasticities of Demand and supply
Employee Training and Development
Environments of Business
Essence of Management
Ethical and Professional Standards
Ethics and Social Responsibility
Ethics for Management Accountants
External Financial Statements and Revenue Recognition
Federal Securities Acts
Financial and the Nonfinancial Sectors
Financial Decision Making
Financial Intermediaries and Financial Markets
Financial Markets and Securities Offerings
Financial Statements and Accounting Transactions
Flexible Budgets and Standard Costs
Florida Real Estate MCQs
Fraud Internal Control and Cash
Fundamental Accounting Principles
Global Marketing and World Trade
Governmental Accounting State and Local
Health and Life Comprehensive Exam
Health and Life Practice Questions
Human Resource Management
Human Resource Management HRM
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Importance of Business Economics
Insurance and Risk Management
Insurance License Texas Life and Health
Integrated Marketing Communications and Direct Marketing
Interactive Marketing and Electronic Commerce
Internal Auditing and Systems Controls
Internal Control and Cash
International Trade and Globalisation
Interpersonal and Organizational Communication
Introduction to Business
Introduction to Human Resource Management
Introduction to Human Resources Assessment
Investment Risk and Portfolio Management
Job Order Costing
Life and Health Insurance
Life Insurance Basics
Life Insurance Policies
Life Insurance Policy
Long Term Investment
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Management and Cost Accounting
Managerial Accounting Concepts and Principles
Managing Organizational Change
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Market Segmentation Targeting and Positioning
Marketing and Corporate Strategies
Marketing Channels and Wholesaling
Master Budgets and Planning
Mergers and Acquisitions
Money and Banking
National Health Insurance
Not For Profit Accounting
Organization and Operation of Corporations
Organizational Behavior Essentials
Organizational Markets and Buyer Behaviour
Organizational Structure and Design
Personal Selling and Sales Management
Principles and Practices of Management
Production and Operations Management
Profitability Analysis and Analytical Issues
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Property Plant and Equipment
Property Plant and Equipment Exam
Reporting and Analyzing Cash Flows
Reporting and Analyzing Long Lived Assets
Reporting and Analyzing Receivables
Responsibility Accounting and Performance Measures
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Service Department Costing
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Standard Costs and Variance Analysis
State Health Insurance
Statement of Cash Flow
Statement of Comprehensive Income
Statement of Financial Position
Stock Market and Stock Prices
Strategic Marketing Process
Structure of Interest Rates
Succession and Transfer Taxes
Supply Chain and Logistics Management
System Analysis and Design
Texas Real Estate
The Management Challenge
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Understanding Exchange Rates
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Value Added Tax
Chapter 7 of the Federal Bankruptcy Code will grant a debtor a discharge when the debtor
Is a corporation or a partnership.
Is an entity, other than a partnership or corporation, that could successfully reorganize under Chapter 11 of the Federal Bankruptcy Code.
Is an insurance company.
Unjustifiably destroyed information relevant to the bankruptcy proceeding.
Which of the following is indicative of insolvency?
Payments to creditors are late.
The market value of the firm’s stock has declined substantially.
Operating cash flows of the firm cannot meet current obligations.
Dividends are not declared because of inadequate retained earnings.
A plan of reorganization formulated under Chapter 11 must be submitted to the creditors for acceptance and to the court for confirmation. Which of the...
The effect of confirmation is to make the plan binding on all parties and to grant the debtor a discharge from claims not protected by the plan.
A plan cannot be confirmed if any impaired class of claims or interests rejects it.
If no class of claims or interests accepts a plan, the court may nevertheless confirm it if the plan is in the best interests of the creditors.
A class that is not impaired is presumed to accept, but more than half of the claims in a class by amount must accept if the class is impaired.
Which of the following is not an early signal of potential financial distress?
Rapidly falling stock prices.
Stagnant cash flows.
A plan of reorganization under Chapter 11
May be filed by any party in interest for 120 days after entry of the order for relief.
Must be filed by the trustee and approved by the creditors within 180 days after entry of the order for relief.
Must treat all classes of claims and ownership interests equally.
Must treat all claims or interests in the same class equally.
A low cash balance.
Lack of liquidity.
Not being able to pay one’s debts.
Lack of borrowing capacity.
Which of the following is the most likely option to be chosen by an insolvent firm?
Increase R&D and capital expenditures.
Purchase a stable firm.
File for bankruptcy.
A firm may benefit from insolvency in all but which of the following ways?
Being forced to focus upon core operations.
Realigning its capital structure.
Entering Chapter 11 bankruptcy proceedings and reorganizing the firm.
Being forced to liquidate the business.
Which of the following, if any, may be commenced by the filing of a voluntary or an involuntary petition in a bankruptcy court? Chapter 7 Liquidation...
After a petition for bankruptcy liquidation has been filed and the court has issued an order for relief,
The court usually appoints a permanent trustee to take control of the debtor’s estate.
Creditors must immediately cease their collection activities.
The bankruptcy judge notifies creditors, collects the debtor’s nonexempt property, and distributes that property to the creditors.
A meeting is held by the creditors to vote on a plan of reorganization.
The creditors of a firm have filed an involuntary petition seeking a Chapter 7 liquidation of the firm under federal bankruptcy law. The firm contests...
A custodian took possession of the debtor’s property to enforce a lien 60 days prior to filing.
A custodian took possession of the debtor’s property to enforce a lien 20 days prior to filing.
The debtor has 12 creditors and three creditors with unsecured claims totaling $15,325 joined in the petition.
The debtor has 10 creditors and one creditor with a claim of $10,000 filed.
The correct priority of claims in a bankruptcy liquidation is
Administrative expenses, wage claims of no more than $12,475, taxes due, claims of general or unsecured creditors, and shareholder claims.
Administrative expenses, wage claims of no more than $12,475, taxes due, shareholder claims, and debtholder claims.
All wage claims, administrative expenses, debtholder claims, taxes due, and shareholder claims.
All wage claims, administrative expenses, debtholder claims, shareholder claims, and taxes due.
A discharge in bankruptcy under Chapter 7 (liquidation) may be obtained by a(n) Individual Corporation Partnership
Yes Yes Yes
No Yes Yes
Yes No No
No No Yes
Chapter 11 of the bankruptcy law concerns reorganizations. Under Chapter 11,
Individuals are not eligible debtors.
A case may be commenced only by a voluntary petition.
Insolvency is condition precedent to the filing of a petition.
The primary purpose is usually the continuation of the business.
Which of the following is a true statement about a plan of reorganization in a Chapter 11 bankruptcy case?
A debtor may have the exclusive right to file a plan of reorganization for a certain period.
A plan of reorganization must treat all creditors similarly.
Only a committee of creditors may file a plan of reorganization.
The plan of reorganization must be approved by a supermajority of each class of creditors.
The trusteeship function in a Chapter 11 bankruptcy reorganization is usually performed by the
Committee of creditors.
A firm is being liquidated several months after its Chapter 7 bankruptcy filing. The receiver has compiled the following information. Assets $100,000...
A company in financial distress is often faced with filing for either liquidation or reorganization. While each type of filing offers unsecured credit...
Reorganization, speculating that the firm’s financial condition can improve and that they can recover a larger portion of the debt.
Liquidation, receiving the immediate payment of their portion of the debt.
Reorganization, as they will become senior as more debt is issued.
Liquidation, as the costs of reorganizing deplete the firm’s assets.
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