The statutory merger is completed by
A. filing a resolution with the Securities and Exchange Commission.
B. filing articles of merger with the secretary of state or other appropriate state authority.
C. agreement of the shareholders.
D. resolution of the board of directors.
B. filing articles of merger with the secretary of state or other appropriate state authority.
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Purchaser Corporation acquires 30% of the outstanding voting common shares of the Investee Corporation for $600,000 . Purchaser Corporation acquires the investment in Investee Corporation by buying previously issued shares of Investee Corporation from other investors. Investee Corporation's other comprehensive income during the first period is as follows: Unrealized Holding Gains from Marketable
Securities. . .$ 3,000 Unrealized Losses from Cash Flow Hedges . . . . . . . . . . (2,000) Other Comprehensive Income. . . . . . . . . . . . . . . . . . . . $ 1,000 Purchaser Corporation would make the following entry to recognize its share of the items of other comprehensive income of Investee Corporation: a. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 Realized Holding Losses from Cash Flow Hedges (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . 600 Realized Holding Gains from Marketable Securities (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . . . . .900 b. Investment in Stock of Investee Corporation . . . . . . . . . . 300 Realized Holding Losses from Cash Flow Hedges (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . 600 Realized Holding Gains from Marketable Securities (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . . . . .900 c. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 Unrealized Holding Losses from Cash Flow Hedges (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . 600 Unrealized Holding Gains from Marketable Securities (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . . . . .900 d. Investment in Stock of Investee Corporation . . . . . . . . . . 300 Unrealized Holding Losses from Cash Flow Hedges (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . 600 Unrealized Holding Gains from Marketable Securities (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . . . . .900 e. none of the above
Solomon breaches his contract with Neal to purchase the 500 pairs of socks he had promised to buy. Neal is able to sell the 500 pairs to Renny for a much lower amount. Neal then sues Solomon for damages. Neal will be able to recover:
a. the amount in the liquidated damages clause. b. the difference between Solomon's contract price and the amount paid by Renny. c. Solomon's contract price. d. an amount which depends on whether Solomon intentionally breached because he found cheaper socks somewhere else.
Written expression is the ability to understand written words and sentences.
Answer the following statement true (T) or false (F)
Which of the following is true with respect to buyers in business markets?
A. Business buyers always act rationally when making purchases for their company. B. Business customers tend to be less informed about the products they purchase than consumer buyers. C. Business customers demand detailed information about a product's functional features and technical specifications. D. Business customers are no different than buyers in consumer markets. E. Business customers tend to buy products from their friends and contacts with business suppliers.