A monetary judgement by the court is:

a. An involuntary lien on the personalty and realty of the subject debtor
b. A voluntary lien on the personalty and realty of the subject
c. An involuntary lien against the realty only of the subject debtor
d. A voluntary lien against the personalty only of the subject debtor

Answer: a. An involuntary lien on the personalty and realty of the subject debtor

Business

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Indicate whether the statement is true or false

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Beginning and ending inventories for John's Books are $12,000 and $9,000, respectively

The debit amounts (not including Income Summary) in the income statement columns of the worksheet total $13,000, and the credit amounts (not including Income Summary) total $14,500. The firm has a: A) net income of $1,500. B) net loss of $1,500. C) net loss of $3,000. D) net income of $3,000.

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