What are poison pills?
A. They are defensive provisions that kick in should a buyer reach a certain level of share ownership.
B. They are unspecified conditions in the contract between stakeholders in an organization.
C. Companies use them in a bid to perform a hostile takeover of competing firms.
D. Shareholders use them to prevent the founder of a company from taking the company private through a leveraged buyout.
Answer: A
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Risingstar Corporation currently has 129,000 shares outstanding of $3 par value common stock. The stock was originally issued for $14 per share. On March 15, the board of directors declares a 13% stock dividend when the stock is selling for $22 per share. Which of the following is the correct journal entry to record this transaction? (Do not round intermediate calculations.)
A) debit Common Stock Dividend Distributable $50,310, debit Paid-In Capital in Excess of Par—Common for $318,630 and credit Retained Earnings $368,940 B) debit Stock Dividends $368,940 and credit Common Stock Dividend Distributable $368,940 C) debit Stock Dividends $368,940, credit Common Stock Dividend Distributable $50,310 and credit Paid-In Capital in Excess of Par—Common $318,630 D) debit Paid-In Capital in Excess of Par—Common $368,940 and credit Retained Earnings $368,940
What items may be on a materials requisition form to maintain proper control over a firm's inventory of direct materials?
A) Cost of supplies B) Cost of lubricants for production machinery C) The date and a signature D) All of these E) None of these
Define impact fees and describe when they can be collected from developers
Informal groups consist of friendship and __________ groups.
Fill in the blank(s) with the appropriate word(s).