Even Though a Person Is Declared Bankrupt, He or She

question 76

True/False

Even though a person is declared bankrupt, he or she will still have to pay child support, if they have a legal obligation to do so.

---

Definitions:

Manufacturing Operations

The processes involved in the production of goods, including design, fabrication, and assembly of products.

Reportable

Pertains to information or incidents that must be officially recorded or disclosed, often in the context of legal, financial, or regulatory requirements.

Operating Segments

Components of a business that engage in operations that earn revenues, incur expenses, and are reviewed regularly by the company's management.

Reportable Segment

A component of a business that generates revenues and expenses related to the business’s operations, and whose financial results are regularly reviewed by the entity’s chief operating decision maker.