The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared?
A) $60,000
B) $5,000
C) $100,000
D) $55,000
D
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Indicate whether this statement is true or false.
Acme Farm Equipment operates worldwide and is organized into a(n) ________ structure. Within this structure, each of the four division presidents and their respective employees are committed to the tractor, planter, combine, and silo businesses, respectively. Within these four divisions, task responsibilities are clear, and managers are more independent and accountable.
A. organic B. customer C. functional D. matrix E. product
__________ do not relieve a contracting party from their responsibilities under the UCC doctrine of commercial impracticability
a. Wars b. Market fluctuations c. Embargoes d. Market fluctuations and embargoes
Suki is a registered agent for Trans-state Trucking, Inc. (TTI), which incorporated in Utah. As a registered agent, Suki
A. agreed to buy stock in TTI before it existed. B. applied to Utah on behalf of TTI to obtain its corporate charter. C. does business for TTI in Utah. D. receives legal documents on behalf of TTI.