A means test is used to determine whether ________
A) the debtor's median family income is less than the state's median family income
B) the debtor's median family income is more than the state's median family income
C) the debtor has the capability to pay prepetition debts out of postpetition income
D) the debtor would qualify to file for bankruptcy under Chapter 13
C
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Explain how corporations are incorporated in the United States
What will be an ideal response?
Significance of cash flows Saxony, Inc. is a relatively new business. In its first three years of operations, the company has recorded positive and increasing net cash flows from its operating activities
In each of these three years, the company has also reported a net loss on its income statement. Suggest at least one plausible explanation for these financial results. Given the net losses in the first three years of operations, should investors be concerned about the solvency and future profitability of Saxony? Explain. What will be an ideal response?