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Voluntary settlements
The trustee can claim all property settled by the bankrupt on other persons within two years preceding the bankruptcy unless made:a. Before and in consideration of marriage; orb. In favour or a person taking in good faith and for value; orc. For his wife or children in respect of property accruing to him in right of his wife.The trustee may further claim property settled within ten years of bankruptcy, unless it is proved:a. That at the time of making the settlement, the bankrupt could pay all his debts without the aid of the settled property, and
b. All interest of the bankrupt in the property passed at the time the settlement was made.
Regulated Investment Company (RIC) - Commonly known as a MUTUAL FUND, this is a domestic corporation which acts as an investment agent for its shareholders by typically investing i
Q. What is Amount per share? Par Value - Amount per share set in ARTICLES OF INCORPORATION of a CORPORATION to be entered in CAPITAL STOCKS account where it's left permanently
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QUESTION 1: Part A Malcolm was in business as an import merchant and the following balances were extracted from his books on 31st December 2003: Purchases
A huge number of variations of ROT are determined in practice, based upon how "Investment" and "Return" are explained "Investment" may be explained to comprise any of the subsequen
During 2014, Victoria’s Fashion had beginning inventory of $480,000, ending inventory of $560,000, and cost of goods sold of $2,200,000. Compute the inventory turnover and days’ in
Fakari had the following asset at the ending of the year 2013 having started the business at the beginning of the same year. Ksh.000 Account payable 15,800 equipment 46,000
1) The detailed information is on the second tab marked "Financials". Enter summarized Balance Sheet and Income Statement information for Cummins into the template on the "Summary
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