Which of the following is not a condition that permits a stock redemption to be treated as a sale?
A. It provides funds for payment of income taxes.
B. The redemption is substantially disproportionate.
C. The redemption completely terminates the shareholder's interest.
D. It is not essentially equivalent to a dividend.
Answer: A
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The following are required to be proven in order to use the failing company doctrine except:
A) The failure of the failing company is not due to negligence of its management. B) No other purchaser is available. C) There is no other reasonable alternative for the failing company. D) The assets of the failing company would disappear from the market without the merger.
What is system software?
A. Controls how the various technology tools work together along with the application software. B. Controls the application software and manages how the hardware devices work together. C. Provides additional functionality to the operating system. D. Used for specific information processing needs, including payroll, customer relationship management, project management, training and many others.
Because they are good at managing relationships, high machs tend to be the most effective leaders.
a. true b. false
Which of the following is a primary market transaction?
a. You invest $10,000 in a mutual fund, which then uses the money to buy $10,000 of Johnson & Johnson shares on the NYSE.
b. You buy 200 shares of Johnson & Johnson stock from your younger brother. You just give him cash and he gives you the stock ¾ the trade is not made through a broker.
c. One financial institution buys 200,000 shares of Johnson & Johnson stock from another institution. An investment banker arranges the transaction.
d. Johnson & Johnson issues 2,000,000 shares of new stock and sells them to the public through an investment banker.
e. You sell 200 shares of Johnson & Johnson stock on the NYSE through your broker.