Which of the following explains how death affects the duration of a corporation?
a. A corporation usually terminates on the death of a founding shareholder.
b. A corporation is unaffected by the death of a shareholder.
c. A corporation is affected by the death of a shareholder.
d. A corporation is usually unaffected by the death of a shareholder unless a general partner dies.
ANSWER: b
You might also like to view...
If a special pricing order is accepted for 5700 sails at a sales price of $160 per unit, fixed costs remain unchanged, and there are no variable selling and administrative costs for this order, what is the change in operating income?
Maritime Sail Makers manufactures sails for sailboats. The company has the capacity to produce 36,000 sails per year and is currently producing and selling 25,000 sails per year. The following information relates to current production:
A) Operating income decreases by $513,000.
B) Operating income decreases by $570,000.
C) Operating income increases by $513,000.
D) Operating income increases by $570,000.
Sarah-Anne is going to make a presentation to the board. She is interested in a promotion and is considering doing a lot of internal self-enhancement to help with her impression management. This technique will most likely leave the board feeling ______.
A. she is the right person for the job. B. she is unintelligent C. she is ready for the next step D. she is an excellent presenter
Three arguments are required in a PRAGMA EXCEPTION_INIT statement.
Answer the following statement true (T) or false (F)
A project should be accepted if _____.
A. its traditional payback period is greater than the expected number of years to recover the original investment B. its internal rate of return (IRR) exceeds the firm's required rate of return C. it yields multiple internal rates of return D. in addition to cash inflows, the project generates multiple cash outflows during its life E. the sum of its raw (undiscounted) cash inflows is greater than the sum of the present value of its cash outflows.