Identify which of the following statements is true.
A) A corporate NOL can be carried back two years and forward 15 years.
B) An NOL incurred before 2018 carries forward 20 years and is not subject to the 80% of taxable income limitation.
C) In computing an NOL for the current year, a deduction is allowed for NOLs from previous years.
D) All of the above are false.
B) An NOL incurred before 2018 carries forward 20 years and is not subject to the 80% of taxable income limitation.
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Noncritical purchases focus on ______.
a. volume assurance and reliable sourcing b. exploiting full purchasing power c. emphasizing long-term supplier relationships d. functional efficiency
If a business firm refuses to comply with an agency's request to inspect facilities or business records, the agency must defer to the refusal.
Answer the following statement true (T) or false (F)
Acme Explosives Inc is an international producer of creative demolition products. Acme is all equity financed. Acme has too much cash, which it wants to distribute to its shareholders. Selected financial information for Acme is provided in the table
David Wylie is a director at Acme. Next Friday the board is meeting to vote on the format of the distribution. There are three choices on the ballot: (1 ) an extra dividend of $4 per share; (2 ) a stock dividend of 0.5 shares for each existing share; or (3 ) an open market stock repurchase to buy 28.5% of shares outstanding at a price of $14.04. As part of his compensation package, David has options to purchase one million shares at a price of $12 per share. If David's sole concern is his own wealth, then how should he vote at the board meeting? Selected Financial Information for Acme Corporation Cash $12,600M Market Capitalization $44,226M Shares Outstanding 3,150M Stock Price $14.04 Debt $0 A) Extra Dividend B) Stock Repurchase C) Stock Dividend
In addition to gaining liquidity, which of the following could also be considered a legitimate reason for cross-listing equity?
A) enhance a firm's local image B) become more familiar with the local financial community C) get better local press coverage D) all of the above