Ordinarily, a merger requires approval of both boards of directors and the shareholders of both
corporations.
Indicate whether the statement is true or false
TRUE
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A company's warehouse contents were destroyed by a flood on September 12. The following information was the only information that was salvaged: 1. Inventory, beginning: $28,700 2. Purchases for the period: $17,700 3. Sales for the period: $55,700 4. Sales returns for the period: $770 The company's average gross profit ratio is 33%. What is the estimated cost of the lost inventory?
A. $31,088.00. B. $28,273.10. C. $46,400.00. D. $9596.90. E. $45,400.00.
Karmarkar's method is synonymous with the corner point method
Indicate whether the statement is true or false
Maggie and Nate enter into a contract for the sale of a car, but Nate later refuses to deliver the car. Maggie asks a court to order Nate to perform as promised. Ordering a party to perform what was promised is
a. specific performance. b. damages. c. rescission. d. beyond the court's authority.
We report the purchase of stock in another corporation as a cash outflow from investing activities.
Answer the following statement true (T) or false (F)