Which of the Following Is a Preferential Transfer

question 36

Multiple Choice

Which of the following is a preferential transfer?

• A) a transaction for present consideration
• B) a payment in the ordinary course of business
• C) both a.and b.are preferential transfers
• D) neither a.nor b.are preferential transfers

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Definitions:

Operating Expenses

Expenses incurred from a company's operational activities, not including the cost of goods sold, typically including selling, general, and administrative expenses.

Gross Profit

The difference between revenue and the cost of goods sold, showing the basic profitability of a company’s core operations.

Stockholders' Equity

The value of a company's assets minus its liabilities, representing the ownership interest of the shareholders.