How do joint ventures differ from mergers?
a. They don’t differ because they are the same thing
b. They are informal rather than formal agreements
c. The entity has access only to a limited set of each partner’s activities or operations
d. There is more complexity with the former than the latter
c. The entity has access only to a limited set of each partner’s activities or operations
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Which of the following is/are not true?
a. Firms may issue capital stock (preferred or common) for cash or for noncash assets. b. Firms usually issue shares for cash at the time of their initial incorporation and at periodic intervals as they need additional shareholder funds. c. Firms sometimes issue shares to employees as compensation. d. The issue price for preferred stock usually approximates its par value. e. none of the above