The legal capital of a corporation may be any of the following except
A) the stated value of the stock.
B) the par value of the stock.
C) the market value of the stock at the balance sheet date (assuming the market value differs from the par or stated value).
D) the entire proceeds from the stock issuance.
C
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Fast Feet is a manufacturer of running shoes. Its shoes are not selling fast enough for the company to pay its debts and continue its operations. Fast Feet is now insolvent. What options are available to Fast Feet? How would these options affect Fast Feet's obligations to its creditors, if at all?
What will be an ideal response?
A secondary strike occurs when the unionized workers of one employer go on strike to force their employer to exert pressure on another employer with which the union has a dispute
Indicate whether the statement is true or false
Controlling shareholders have no fiduciary responsibility to minority shareholders
a. True b. False Indicate whether the statement is true or false
The employees at Wegners Market are threatening to strike. To counter this threat, the weapon Wegners would most likely wield is
A. the legal right to hire replacement workers. B. the legal injunction. C. the lockout. D. a work slowdown.