The traditional model of corporate governance was established in the 1919 Dodge v. Ford Motor Company decision that established all of the following EXCEPT _________.
a. corporations are made responsive to the rights and wishes of stakeholders.
b. A business corporation is organized and carried on primarily for the profit of the stockholders.
c. The powers of the directors are to be employed for that end.
d. The discretion of directors is to be exercised in the choice of means to attain that end
a. corporations are made responsive to the rights and wishes of stakeholders.
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Exhibit 13-03 ? On January 1, 2017, Train, Inc accepted an $80,000, non-interest bearing 3 year note in exchange for equipment it sold to Steam Company. Train originally purchased the equipment for $125,000, and it had a book value of $75,000 on the date of the sale. The note was non-interest-bearing. An assumed 11% interest rate is implicit in the agreement. Actual information for 11%, three
periods, follows: ? Present value of 1 0.73119 Present value of annuity of 1 2.44371 ? ? Refer to Exhibit 13-03. What amount would Train show as the balance for Discount on Notes Receivable on December 31, 2018? A) $7,928 B) $7,142 C) $15,071 D) $64,929
The paid-in capital from sale of treasury stock account is debited if the sales price of the treasury stock sold is greater than its cost
Indicate whether the statement is true or false
Police are allowed to set up legitimate "sting" operations to catch persons engaged in criminal activity; such activities do not constitute ________
A) debasement B) entrapment C) deferment D) entitlement
Using the effective-interest amortization method, the amount of premium amortization remains the same over the life of the bond
Indicate whether the statement is true or false