Marcel Provost is a shareholder of Armstrong Realty Corp He is not engaged in the management of the company. The other shareholders are Baun and Brewer, and they run the business
Armstrong Realty purchases a piece of land from Baun and Brewer for $100,000. Provost learns that the land is worth only $50,000. Which of the following is true?
A) The corporation has acted in a way that unfairly disregarded Marcel's right as a shareholder.
B) The court could set aside the contract between Baun and Brewer and Armstrong Realty.
C) The court could order Armstrong to purchase Provost's shares
D) Both A and C
E) All of the above
E
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Lucky Company purchased a truck at a cost of $12,000 in 2011 . As of January 1, 2016, depreciation of $10,000 had been recorded on this asset. Depreciation expense for 2016 is $2,000 . After the adjustments are recorded and posted at December 31, 2016, what is the carrying value of the truck?
a. $2,000 b. $5,500 c. $12,000 d. $0
A ________ advantage is one that a company can use as a springboard to new advantages
A) sustainable B) leverageable C) realistic D) rational E) distinct
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Give an account of the Economic Espionage Act (EEA) and its importance in combating cyber piracy.
What will be an ideal response?