One of the requirements which must be met for stock to be considered Section 1244 stock is that the corporation cannot have more than $10 million of total capital and paid in surplus as of the stock issuance.

Answer the following statement true (T) or false (F)


False

The paid in capital limitation is $1 million.

Business

You might also like to view...

Beck tells his mom that he is thinking of selling his vintage coupe to his neighbor, Sam, for $100. Beck's mom calls Sam and tells him about her conversation with Beck. Sam then calls Beck and tells him that he accepts his offer. Under these circumstances, ________.

A. the offer has been conditionally tendered B. the offer violates the UCC's rule against third-party interveners in quasi contracts C. the offer has not been communicated D. this is a contract

Business

Which of the following marketing strategies requires either identifying additional opportunities to use the brand in the same basic way or identifying completely new and different ways to use the brand?

A) increasing the amount of consumption B) decreasing the level of consumption C) increasing dedication to consumption D) increasing product innovation E) increasing frequency of consumption

Business

Typically the least risky option for entering international markets is

A. licensing. B. direct ownership. C. franchising. D. joint venture. E. exporting.

Business

In the case of "equal opportunity harassers" who harass both men and women, the courts tend to rule:

a. for the harasser, because the harassment is not because of sex b. for the harasser, because harassment is not proven in that circumstance c. for the victim of the harassment, because the harassment is because of sex d. for the victim of the harassment, because harassment is proven generally

Business