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The claims will be paid in this order: (Select the best response.) O A. 1. The sofa deposit of $390; 2. The $480 health care claim not paid to the health care carrier for used benefits; and 3. The unfunded pension plan of $330. O B. 1. The $480 health care claim not paid to the health care carrier for used benefits; 2. The sofa deposit of $390; and 3. The unfunded pension plan of $330. c. 1. The unfunded pension plan of $330; 2. The sofa deposit of $390; and 3. The $480 health care claim not paid to the health care carrier for used benefits. O D. 1. The unfunded pension plan of $330; 2. The $480 health care claim not paid to the health care carrier for used benefits; and 3. The sofa deposit of $390.

The claims will be paid in this order: (Select the best response.) O A. 1. The sofa deposit of $390; 2. The $480 health care claim not paid to the health care carrier for used benefits; and 3. The unfunded pension plan of $330. O B. 1. The $480 health care claim not paid to the health care carrier for used benefits; 2. The sofa deposit of $390; and 3. The unfunded pension plan of $330. c. 1. The unfunded pension plan of $330; 2. The sofa deposit of $390; and 3. The $480 health care claim not paid to the health care carrier for used benefits. O D. 1. The unfunded pension plan of $330; 2. The $480 health care claim not paid to the health care carrier for used benefits; and 3. The sofa deposit of $390.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Question 9

Bankruptcy, Chapter 7. A customer and an employee are waiting for payment from Gigantic Furniture after the company has filed for bankruptcy under Chapter 7 of the IRS bankruptcy laws. The employee's claim against Gigantic Furniture is for $480 for health care benefits that it did not pay to the health care carrier during the last month of company operations, plus $330 for the pension plan. The customer's claim is for $390 for a deposit on a specialty sofa that never shipped. In what order wll the bankruptcy court pay these claims? The claims will be paid in this order: (Select the best response.) O A. 1. The sofa deposit of $390; 2. The $480 health care claim not paid to the health care carrier for used benefits; and 3. The unfunded pension plan of $330. O B. 1. The $480 health care claim not paid to the health care carrier for used benefits; 2. The sofa deposit of $390; and 3. The unfunded pension plan of $330. OC. 1. The unfunded pension plan of $330; 2. The sofa deposit of $390; and 3. The $480 health care claim not paid to the health care carrier for used benefits. OD. 1. The unfunded pension plan of $330; 2. The $480 health care claim not paid to the health care carrier for used benefits; and 3. The sofa deposit of $390.
Transcribed Image Text:Bankruptcy, Chapter 7. A customer and an employee are waiting for payment from Gigantic Furniture after the company has filed for bankruptcy under Chapter 7 of the IRS bankruptcy laws. The employee's claim against Gigantic Furniture is for $480 for health care benefits that it did not pay to the health care carrier during the last month of company operations, plus $330 for the pension plan. The customer's claim is for $390 for a deposit on a specialty sofa that never shipped. In what order wll the bankruptcy court pay these claims? The claims will be paid in this order: (Select the best response.) O A. 1. The sofa deposit of $390; 2. The $480 health care claim not paid to the health care carrier for used benefits; and 3. The unfunded pension plan of $330. O B. 1. The $480 health care claim not paid to the health care carrier for used benefits; 2. The sofa deposit of $390; and 3. The unfunded pension plan of $330. OC. 1. The unfunded pension plan of $330; 2. The sofa deposit of $390; and 3. The $480 health care claim not paid to the health care carrier for used benefits. OD. 1. The unfunded pension plan of $330; 2. The $480 health care claim not paid to the health care carrier for used benefits; and 3. The sofa deposit of $390.
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