Voidable Preferences Include All of the Following EXCEPT

question 7

Multiple Choice

Voidable preferences include all of the following EXCEPT:

• A) a transfer of property of the debtor to or for the benefit of a creditor.
• B) payment of taxes owed to a governmental unit.
• C) a transfer of property while the debtor was insolvent.
• D) a transfer that enables a creditor to receive more than he would have received under Chapter 7.

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Definitions:

Total Stockholders' Equity

This represents the total amount of capital contributed by shareholders plus the retained earnings of a company, indicating the net worth of the company from a shareholder's perspective.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, although the market capitalization remains the same.

Paid-in Capital

The amount of money that a company has received from shareholders in exchange for shares of stock, beyond the par value of the shares.

Cost Method

An accounting method used to value certain investments at their original purchase cost, less any impairments.