CASE 3.1, Wal-Mart Stores, Inc v. Dukes (2011), involved a question of whether:
a. Wal-Mart should be properly sued in federal vs. state court.
b. there was sufficient commonality among Wal-Mart employees to certify the group as a class.
c. one Wal-Mart employee could represent over one million other employees.
d. the employees had waived their rights to arbitration under the Federal Arbitration Act.
b
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Who licenses CPAs?
a. The PCAOB. b. The AICPA. c. The State Boards of Accountancy. d. The SEC.
A. Yorkshire Corporation has 9,000 shares of $10 par value common stock and 5,000 shares of $50 par value, 10 percent cumulative preferred stock outstanding. All shares were issued at par value. In addition, retained earnings total $90,000. If the preferred stock is callable at $54 per share, and one year's dividends are in arrears, compute book value per share of preferred stock
b. Assume the same facts as in a above. Calculate book value per share of common stock. c. Assume the same facts as in a above and that Yorkshire Corporation declares a 5-for-1 stock split on its common stock. After the split, total par value of common stock equals what amount? d. Assume the same facts as in a above and that Yorkshire Corporation declares a 12 percent stock dividend on its preferred stock. If the market value on the declaration date was $70 per share, for what amount will Preferred Stock Distributable be credited?
In compensation, a golden parachute provides ______.
A. stock options to executives instead of a higher salary B. executive incentives to improve long-term organizational performance C. a company funded retirement plan for senior level executives D. a large lump sum payment to executives who are dismissed from a merged or acquired firm
When purchasers are willing to pay a premium for a block of shares that conveys control, almost all courts today require the controlling shareholders to turn over this control premium to the corporation's treasury
Indicate whether the statement is true or false