Business, 20.02.2020 01:57 candye625

Greg Knowles owns a business, Clean and Paint. Clean and Paint has 47 employees, equipment worth $350,000, and signed contracts for work that total $450,000. Tragically, Greg has a massive heart attack and passes away. Greg leaves behind his wife and three children. Which of the following is correct? a. The business is dissolved and cannot continue. b. The equipment will be sold, the business liquidated, and proceeds distributed first to the employees. c. The employees now own the business. d. The business could be liquidated or continued by Greg’s heirs.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 00:30, 4300404440

Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.

Answers: 3

continue

Business, 22.06.2019 10:30, drejones338p04p2p

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Answers: 1

continue

Business, 22.06.2019 11:10, nataliahenderso

Which feature is a characteristic of a corporation?

Answers: 1

continue

Business, 22.06.2019 11:30, deedivinya

What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?