Which of the following allows for two types of bankruptcy for which most businesses can file?
A) Securities Exchange Commission
B) Generally Accepted Accounting Principles
C) The Internal Revenue Service
D) The United States Bankruptcy Code

Question

Quizplus · Accepted Answer

The United States Bankruptcy Code provides the legal framework for bankruptcy in the United States, including the types of bankruptcy available for businesses, such as Chapter 7 (liquidation) and Chapter 11 (reorganization).

Which of the Following Allows for Two Types of Bankruptcy