Par value

a. is the monetary value assigned per share in the corporate charter
b. represents what a share of stock is worth
c. represents the original selling price for a share of stock
d. is established for a share of stock after it is issued


a

Business

You might also like to view...

A liquidated damage provision will be enforced when:

A. a technical breach of contract has occurred without causing any actual loss. B. the nature of the contract is such that damages are easy to determine. C. the amount agreed on is not the injured party's exclusive remedy. D. the amount specified is reasonable and actual damages are difficult to determine.

Business

Sources of interpersonal power can be divided into two major categories. What are these categories with what sources of power are they associated?

What will be an ideal response?

Business

Actual charitable contributions made by Mullins Corporation were $75,000. What are the federal income tax due and the personal holding company (PHC) tax liability? Discuss the methods (if any) by which payment of the PHC tax can be avoided.

Dividends (from 25%-owned domestic corporation) 200,000 Interest 150,000 Gross income $540,000 Minus: general and administrative expenses ( 40,000) Minus: salaries ( 30,000) "Adjusted" taxable income $470,000 Minus: charitable contributions ( 47,000) Taxable income before special deductions $423,000 Minus: dividends-received deduction (130,000) Taxable income $293,000

Business

Advanced business analytics cannot predict future occurrences of fraud.

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

Business