Based on the information concerning Snowflake Corp what is the market value of the company's shareholders' equity at the acquisition date?
a. $1,775,000
b. $475,000
c. $2,250,000
d. $0
C
$2,250,000 Given for acquisition.
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Mr. Olsen has a marginal tax rate on ordinary income of 37 percent. He currently earns $100,000 per year through a business operated as a sole proprietorship. If Mr. Olsen does not require current cash from the business, calculate the potential increase or decrease in his annual tax liability if he incorporates and operates the business through a regular corporation.
A. $16,000 decrease B. $16,000 increase C. $3,000 decrease D. No increase or decrease
The case of Alpert v. 28 Williams St.Corp involves a compulsory share exchange
a. True b. False Indicate whether the statement is true or false
Quotient Corporation and Precision Products, Inc., are the principal suppliers of their product in their market. They agree that Quotient will sell exclusively to retailers and Precision will sell exclusively to wholesalers. Under antitrust law, this is most likely
A. a per se violation. B. a violation only if their competitors make similar deals. C. a violation only if their customers agree to honor the deal. D. not a violation.
A shareholder's obligation to repay an illegally declared dividend depends on:
A) the shareholder's good or bad faith in accepting the dividend. B) the solvency or insolvency of the corporation and, in some instances, special statutory provisions. C) the shareholder's knowledge of the facts. D) All of these.