In a(n) _, the parent of a multiple-subsidiary firm issues, via an IPO, equity shares for a particular subsidiary, though the parent usually keeps majority ownership of the shares, and thus control of the subsidiary
a. asset sale
b. spin-off
c. equity carve-out
d. targeted stock issuance
C
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Which of the following is true for franchisors?
A) The franchisor has to pay the franchisee to be part of the franchise system. B) The franchisor licenses the trade mark from the franchisee. C) The franchisor must change its operations to suit those of the franchisee's. D) The franchisor collects royalty payments from the franchisee. E) The franchisor pays start-up costs for the franchisee.
Actually counting the goods on hand at the end of the accounting period and determining the cost of these goods by reviewing the accounting records is called
a. an adjusting entry; b. a physical inventory; c. cost of goods sold; d. freight-in; e. the closing process.
Indicate by letter whether each statement below applies to a sole proprietorship (S), partnership (P), or corporation (C). You may use more than one business organization for an answer. ________
a. Separate economic unit ________ b. Life limited by death of owner(s) ________ c. Separate legal entity ________ d. Unlimited liability of owner(s) ________ e. Separation of ownership and control ________ f. Transfer of ownership does not affect the continuity of business. ________ g. Ownership evidenced by stock certificates
Jennifer, who stole a check "payable to cash," cannot be a holder since she did not receive possession by voluntary transfer
a. True b. False Indicate whether the statement is true or false