Suppose You Own a Proprietorship That Is in Serious Financial

question 156

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 own stock in General Motors worth $200,000. If you file for 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

---

Definitions:

Rapid Eye Movement

A phase of sleep characterized by the random movement of the eyes, dreaming, and increased brain activity.

Stage 2 Sleep

A stage of sleep characterized by the presence of sleep spindles and K complexes, representing a deeper sleep than stage 1 and accounting for approximately 50% of sleep time in adults.

Beta Wave

A type of brainwave pattern associated with active, alert cognition and wakefulness.

Alpha Wave

Brain waves detected by an electroencephalogram that indicate a state of relaxation or calmness, typically present when a person is awake but relaxed.