Name two advantages of administration.
Define money laundering.
What is placement?
Name three common effects of liquidations.
What are the two most important grounds for compulsory liquidation?
Name two advantages of administration.
题目
Chapter21Insolvencyandadministration
(1) It does not necessarily result in the dissolution of the company (2) It prevents creditors applying for compulsory liquidation Subsidiary advantages are (3) All creditors can apply for an administration order (4) The administrator may challenge past transactions of the company
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- A firm has to pay a 20c per unit royalty to the inventor of a device which it manufactures and sells. How would the royalty charge be classified in the firm's accounts?ASelling expenseBDirect expenseCProduction overheadDAdministrative overhead
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- Some controls are provided automatically by the system and cannot be by-passed, ignored oroverridden: for example, having to input a password to enter a computer system. These are classified as controls.Which term correctly completes thisstatement?ADetectBMandatedCNon-discretionaryDAdministrative
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