What are the two major issues regarding payment for shares?
Two major issues arise regarding payment for shares. First, what type of consideration may the corporation validly accept in payment for the shares and, second, who shall determine the value to be placed upon the consideration the corporation receives in payment for shares.The RMBCA greatly liberalized the rules for type of consideration by specifically validating for the issuance of shares consideration consisting of any tangible or intangible property or benefit to the corporation, including cash, services performed, contracts for future services, and promissory notes. Determining the value to be placed on the consideration that stock purchasers will exchange for shares is the responsibility of the directors.
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In which of the following cases do federal and state courts have concurrent jurisdiction?
A. bankruptcy cases B. diversity of citizenship cases C. antitrust cases D. patent cases
________ is the effect one person has on another's attitude or purchase probability
A) Sharing power B) Collaborative power C) Market influence D) Brand power E) Personal influence
On January 1, a machine with a useful life of five years and a residual value of $4,500 is purchased for $22,500. What is the depreciation expense in year 3 under straight-line depreciation?
A) $4,500 B) $3,600 C) $10,800 D) $13,500
Stelvia is travelling to another country and notices the dress, language, and customs of the foreign country. These things are in which level of the country’s culture?
A. observable level B. unobservable level C. noticeable level D. apparent level