A secured creditor may repossess the debtor's property and sell it to pay the debt
Indicate whether the statement is true or false
T
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What are saving clauses?
A) Clauses in grants that provide for heirs to take a reverter B) Clauses in grants that eliminate fee tails C) Clauses in grants that limit remainders D) Clauses in grants that require interpretations that do not violate the rule against perpetuities
On December 31, 20X9, Pluto Company acquired 100 percent of Saturn Corporation's common stock for $300,000. Balance sheet information for Saturn just prior to the acquisition is given here: Cash and Receivables$35,000 Inventory 75,000 Land 100,000 Buildings and Equipment (net) 220,000 Total Assets$430,000 Accounts Payable $65,000 Bonds Payable 150,000 Common Stock 100,000 Retained Earnings 115,000 Total Liabilities and Stockholders' Equity$430,000 At the date of the business combination, Saturn's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, land which had a fair value of $125,000, and buildings and equipment (net), which had a fair value of $250,000.Based on the information provided, what amount will be
included as Investment in Saturn Corporation in the consolidated balance sheet immediately following the acquisition? A. $300,000 B. $0 C. $395,000 D. $255,000
What financial concept minimizes an investors exposure to unnecessary risk, or risk that is not rewarded by the markets?
A) Diversification B) Mitigation C) Alleviation D) Spreading E) Thinning
What are slotting allowances?
What will be an ideal response?