Which of the following requirements must be met for a redemption to be treated as substantially disproportionate?
A) The shareholder must own less than 50% of the outstanding stock (in terms of voting power) after the redemption.
B) After the redemption, the shareholder must own less than 80% of his percentage ownership of voting stock prior to the redemption.
C) After the redemption, the shareholder must own less than 80% of his percentage ownership of common stock (voting and nonvoting) prior to the redemption.
D) All of the above must be met.
D) All of the above must be met.
You might also like to view...
In comparison to when monetary policy is not contractionary, under a contractionary monetary policy, the unemployment rate is ____ and the inflation rate is _____ over time.
A. higher; higher B. higher; lower C. lower; lower D. lower; higher
Business strategy is a strategy that ______.
A. attempts to address the fundamental question of what industries and markets in which the organization should enter and compete B. attempts to address the fundamental question of how a company can compete in a particular industry C. attempts to address the fundamental question of how to improve the company’s operations D. attempts to address the fundamental question of what advertising strategy to follow
A major advantage of a salary plus commission plan in comparison to a straight-commission plan to the employee is _____
a. higher possible overall compensation b. greater incentive to increase productivity c. greater flexibility in payment options d. greater stability of earnings
Abraham Maslow argued that people try to satisfy their
A. mid-level needs and then progress downward to the lower-level needs. B. higher-level needs and then progress downward to the lower-level needs. C. mid-level needs and then progress upward to the high-level needs. D. lower-level needs and then progress upward to the higher-level needs. E. mid-level needs first, then decide to progress upward or downward.