_8. The lender can force the entrepreneuư into bankruptcy if he/she cannot pay his/ her loan payments. _9. To force a borrower into bankruptcy for not moking their loan payments every month, the lender must go to court and prove that the business owner cannot pay the debt. _10. If a corporation goes barkrupt, lenders can go after the assets of the corporation, and not of the owners.
_8. The lender can force the entrepreneuư into bankruptcy if he/she cannot pay his/ her loan payments. _9. To force a borrower into bankruptcy for not moking their loan payments every month, the lender must go to court and prove that the business owner cannot pay the debt. _10. If a corporation goes barkrupt, lenders can go after the assets of the corporation, and not of the owners.
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter12: Valuation: Cash-flow Based Approaches
Section: Chapter Questions
Problem 4QE
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