Which of the following is required for a short-form merger?
A) approval of shareholders of the parent corporation alone
B) approval of shareholders of the subsidiary corporation alone
C) approval of the board of directors of the parent corporation alone
D) approval of the board of directors of the subsidiary corporation alone
C
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Managers who do not recognize the benefits of marketing may be most inclined to use which method of communications budgeting?
A) percentage of sales B) meet the competition C) what we can afford D) payout planning
Ken paid $400 cash for services he had received earlier in the month. This transaction would
a. increase an asset and decrease an asset; b. increase an asset and decrease a liability; c. increase an asset and increase owner's equity; d. decrease a liability and increase owner's equity; e. none of these
People processing, possession processing, mental stimulus processing, and information processing make up the four broad categories of services
Indicate whether the statement is true or false
In a guaranty agreement, the guarantor is primarily liable on the debt.
Answer the following statement true (T) or false (F)