MrHolden,a Program Developer,had a Successful Business Helping Small Firms and Shops

question 220

Multiple Choice

Mr.Holden,a program developer,had a successful business helping small firms and shops computerize their businesses.In his spare time,he developed software for inventory control that was superior to others on the market.He launched an ad campaign and all went well for several months-until a competitor came out with a cheaper program.In time,he could not pay his debts when they became due and owing.A supplier sued for damages and was awarded $21 000.Holden did not pay.With regard to the supplier's position at this time,which of the following is false?

• A) Since the decision is in his favour, the supplier would be a judgment creditor, Holden, a judgment debtor.
• B) The supplier could have a garnishee order served on Holden's bank, ordering the bank to pay money into court instead of to Holden.
• C) The supplier could examine Holden under oath about his assets and sources of income.
• D) The supplier could obtain a writ of execution that directs a court official to seize Holden and detain him in court until he arranges payment.
• E) The supplier could get a government official to seize and sell enough of Holden's property to satisfy the debt.

Understand the process of transferring website files from a local to a remote server.

Appreciate the significance of XML in data sharing across applications.

Understand the criteria for determining reportable segments under IFRS 8.

Comprehend the requirements for interim financial statements for public companies as per IFRS.

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Definitions:

Information Announcement

A disclosure of new, relevant details intended to inform investors, employees, and the public about a company's financial health, operational changes, or other significant news.

Stock Price

The current price at which a share of a company is being traded on the stock market.

Common Stock

A type of security that represents ownership in a corporation, with holders usually having voting rights and potentially receiving dividends.

Portfolio Beta

A metric assessing how a portfolio's risk and volatility stack up against that of the general market.