Which of the Following Is the Designation for Property Acquired

question 49

Multiple Choice

Which of the following is the designation for property acquired by the debtor after a security agreement covering the property is made?

• A) Post-dated property.
• B) After-acquired property.
• C) Proceeds.
• D) Post-acquired property.
• E) Subsequently acquired property.

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Definitions:

After-Tax Earnings

The amount of net income remaining after all taxes have been deducted, reflecting the company's profitability after fulfilling tax obligations.

Stock Split

A corporate action that increases the number of shares outstanding, reducing the price per share without changing the company's market capitalization.

Paid in Surplus

The amount of money paid to a company by investors in exchange for stock, beyond the par value of the stock.

Par Value

The face value of a bond or stock, as determined at the time of issuance.