A creditor may petition the court to judicially dissolve a corporation if he has an unsatisfied judgment against the corporation and:
A) the corporation is insolvent.
B) the creditor will become insolvent if not paid.
C) the debt is over $5,000.
D) All of these.
A
You might also like to view...
To prevent groupthink, it is a good idea to ______.
A. close off the group from distractions B. have the leader state a preference C. invite outsiders to the group D. spend as little time as possible between the initial decision to the confirmation
When treasury stock is sold for more than the company originally paid to purchase the shares, the difference:
A. Decreases net income and decreases stockholders' equity. B. Increases stockholders' equity. C. Has no effect on net income or stockholders' equity. D. Increases net income.
Which of the following is the most likely candidate for a contingent liability that must be accrued?
a. Potential liability for a lawsuit in which the firm is a defendant b. Property tax payable c. Potential liability on a product that is still in the planning stages (no items have been sold) d. Warranty liability
Kim leads a team of graduate students in food science who discover a new food ingredient that tastes like salt but contains no artificial ingredients. Kim gives credit for the discovery to her graduate students. She is displaying what servant leader behavior?
A. foresight B. emotional healing C. putting followers first D. empowering