In the Context of Bankruptcy Laws, an 'Unfair Preference' Is

question 33

Multiple Choice

In the context of bankruptcy laws, an 'unfair preference' is:

• A)The payment by a debtor of amounts owed to one creditor at the expense of the other creditors.
• B)A payment of money by the bankrupt to a person with a close connection to the bankrupt individual (e.g.a partner, spouse or child) in the four years prior to bankruptcy.
• C)Any voidable transaction.
• D)A transfer of property or payment to a related entity in the four years prior to bankruptcy.

Understand the beginning process of the indirect method of cash flows.

Recognize the importance of cash flow amounts and their timing in operational planning and analysis.

Grasp the concept and calculation of the cash flow on total assets ratio.

Identify transactions that are not reported in the cash flows but disclosed separately.

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Definitions:

Gatekeepers

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Primary Audiences

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Specialized vocabulary used in a particular field or profession, often understood primarily by experts within that area.

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