In a merger situation, what is the right of a dissenting shareholder?
A) to block the merger until satisfied regarding its terms.
B) to have their shares appraised and purchased by the corporation.
C) to enforce a consolidation instead of a merger.
D) dissenting shareholders have no rights with respect to a merger.
B
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What are the three security objectives of audit trails? Explain
______________ is the firm's methods of communicating with its various publics.
Fill in the blank(s) with the appropriate word(s).
Answer the following statements true (T) or false (F)
1. Employees don’t need to take explicit action to incite change. Organizations are constantly changing, and change opportunities will present themselves regularly. 2. Discontinuous change involves a major break from the change. 3. According to Waldersee and Griffiths, direct action taken by managers is more effective than staff participation. 4. Carefully laid-out plans should be taken seriously and adhered to despite any dissention that may arise.
A subsidiary of Porter Inc., a U.S. company, was located in a foreign country. The functional currency of this subsidiary was the Stickle (§) which is the local currency where the subsidiary is located. The subsidiary acquired inventory on credit on November 1, 2017, for §120,000 that was sold on January 17, 2018 for §156,000. The subsidiary paid for the inventory on January 31, 2018. Currency exchange rates between the dollar and the Stickle were as follows: November 1, 2017$0.19=§1December 31, 2017$0.20=§1January 1, 2018$0.22=§1January 31, 2018$0.23=§1Average for 2018$0.24=§1?What amount would have been reported for cost of goods sold on Porter's consolidated income statement at December 31, 2018?
A. $24,000. B. $26,400. C. $28,800 D. $27,600. E. $22,800.