Like other corporations, Riveters Construction Company can expand its operations through
A. a liquidation and distribution of its assets.
B. a purchase of substantially all of the assets of another corporation.
C. articles of dissolution filed voluntarily with the state.
D. the appointment of a receiver to wind up the corporate affairs.
Answer: B
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Because it was able to deliver merchandise overnight, in the required quantities and at a lower delivery cost than its competitors, Joe's Sports Shack was given exclusive rights to sell clothing with school logos for the school district. Joe's demonstrates ________ excellence.
A. locational B. customer C. place D. product E. operational
Postage Corporation acquired 75 percent of Stamp Corporation's common stock on December 31, 20X8, for $300,000. The fair value of the noncontrolling interest at that date was determined to be $100,000. Stamp's balance sheet immediately before the combination reflected the following balances: Cash and Receivables$40,000 Inventory 70,000 Land 90,000 Buildings and Equipment (net) 250,000 Total Assets$450,000 Accounts Payable$30,000 Income Taxes Payable 40,000 Bonds Payable 100,000 Common Stock 100,000 Retained Earnings 180,000 Total Liabilities and Stockholders' Equity$450,000 A careful review of the fair value of Stamp's assets and liabilities indicated that inventory, land, and buildings and equipment (net) had fair values of $65,000, $100,000, and, $300,000
respectively. Goodwill is assigned proportionately to Postage and the noncontrolling shareholders.Based on the preceding information, what amount of Stamp's land will be included in the consolidated balance sheet immediately following the acquisition? A. $100,000 B. $10,000 C. $90,000 D. $0
______________________________ is the application of electronic networks (including the Internet) to undertake business processes between individuals and organizations.
Fill in the blank(s) with the appropriate word(s).
Jeremy Bridges is an executive for Green Web Designs, where his primary role is to ensure the security of business systems and develop strategies to protect the company from online viruses and hackers. What is Jeremy's role within the company?
A. Chief executive officer (CEO). B. Chief security officer (CSO). C. Chief procurement officer (CPO). D. Chief technology officer (CTO).