Suppose You Own a Proprietorship That Is in Serious Financial

question 20

Multiple Choice

Suppose you own a proprietorship that is in serious financial difficulty.The assets of the company are $100, 000, but liabilities are $175, 000.You also have, however, stock in General Motors worth $200, 000.If you file bankruptcy, what amount of personal assets do you stand to lose?

• A)$100, 000
• B)$75, 000
• C)$200, 000
• D)$275, 000
• E)$375, 000

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Definitions:

Manifest

To display or exhibit a quality, feeling, or characteristic openly; in logistics, it also refers to a comprehensive list of cargo on a ship, plane, truck, or train.

Stress

is a physical, mental, or emotional strain or tension resulting from adverse or demanding circumstances.

Performance

The act of carrying out or accomplishing an action, task, or function.

Public Speaking

The act of speaking in front of a live audience with the intent to inform, persuade, or entertain.