Patti Sclerera is a broker who has listed 3.3 acres of commercial property for John Symington. Patti owns the majority of the stock of a corporation, Children, Inc, that develops, manufactures and sells educational toys. Patti thinks the land would be a good location for a new factory. Patti is a member of the board of Children, Inc and knows the board is looking for land for the factory. If
Patti arranges the sale:
A) She is required to disclose her stock ownership and board membership.
B) She is only required to disclose her board membership.
C) She is only required to disclose her stock ownership.
D) She has no disclosure requirements since she is not buying the land.
E)?None of the above
A
You might also like to view...
The capital account would be found in which column(s) of the work sheet?
a. All of the answers listed b. Credit side of the Balance Sheet columns c. Credit side of the Trial Balance columns d. Credit side of the Adjusted Trial Balance columns
Presentation and disclosure assertions imply that all transactions and balances are properly presented, disclosures represent what actually happened, and the footnote disclosures are appropriate and adequate
a. True b. False Indicate whether the statement is true or false
List the three sections of the cash budget for a merchandising company.
What will be an ideal response?
In a marketing plan, the ________ section identifies the process to monitor achievement toward attaining the marketing objectives
A) measurement and controls B) executive summary C) forecasting D) marketing situation E) marketing strategy