You own $10,000 in personal property, $3,000 in Corporation A stocks, $1,000 in U.S. Savings Bonds and have $500 in your checking account. If Corporation A goes bankrupt, the most you could lose is

Question

Quizplus · Accepted Answer

The question specifically asks for the amount you could lose if Corporation A goes bankrupt. Since you only have $3,000 invested in Corporation A stocks, that is the maximum amount you could lose. The other assets listed are not affected by the bankruptcy of Corporation A. So, the correct answer is C.

You Own $10,000 in Personal Property, $3,000 in Corporation a Stocks