The doctrine of ultra vires is permitted as a defense for wrongdoings of a corporation
Indicate whether the statement is true or false
false
You might also like to view...
Which of the following is a condition for recording an available-for-sale debt investment?
A) The investor intends to hold the debt security until it matures. B) The investor intends to sell the security in the very near term. C) The investment must be a debt security. D) The investor has the ability to hold the security until it matures.
Expensing a building in the year of purchase represents an abuse of which of the following accounting conventions?
a. Full disclosure b. Cost-benefit c. Conservatism d. Consistency
Investments are valued on the balance sheet at the original purchase price, even if the price has changed since the date of purchase
Indicate whether the statement is true or false
Compare and contrast global, multidomestic, and transnational strategies.
What will be an ideal response?