Which of the following statements is correct with regards to liabilities in corporate reorganizations?
a. While in a "Type A" merger all the liabilities of the target must be acquired, in a consolidation only general liabilities are transferred.
b. In a "Type G" reorganization, the target's liabilities rarely are liquidated.
c. Liabilities are problematic for a "Type C" only when the acquiring corporation transfers other property in addition to common stock.
d. Long-term liabilities (bonds) can be exchanged tax-free in a "Type E" reorganization, as long as the terms of the bonds are greater than 10 years and the interest rates are identical.
e. None of the above.
c
RATIONALE: Liabilities assumed when cash also is involved likely causes a failure of the less than 80% voting stock requirement.
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Ryan has been appointed by Target Internationals, a hardware manufacturing firm, as a marketing researcher and has been asked to conduct a marketing research to produce new insights of consumer attitude on its vacuum tubes
Ryan begins with the research process by defining the problem, the decision alternatives, and research objectives. Mention the next step that Ryan will follow to continue with the research.
Which of the following best describes how external auditors' interactions with their clients is likely to change due to the use of data analytics in the audit process?
A. External auditors will spend less time on audits and will not need to spend time with clients outside the audit. B. External auditors will spend more time on detailed audit tasks, resulting in longer audit engagements. C. External auditors will stay engaged with clients beyond the audit. D. External auditors will only interact with their clients virtually.
The use of estimates, cost, alternative accounting methods, the presence of atypical data, and diversification of firms are all factors that may limit the usefulness of financial statement analysis. Identify a ratio and explain how one or more of the limiting factors can affect the usefulness of that ratio
The first step to gain and sustain a competitive advantage is to
A. understand the strategies of the competitors. B. define a firm's vision, mission, and values. C. develop functional and business-level strategies. D. put the guiding policies of a firm into practice.