In the United States today, legislative bodies are the source of most law
a. True
b. False
b
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Blast Corporation manufactures purses and make-up kits. The corporation decides to quit manufacturing purses and distributes the assets associated with this division to its shareholders. The distribution of the these assets will be treated as a partial liquidation if
A. the distribution is "not essentially equivalent to a dividend" and is made within the year a plan of liquidation is adopted or within the succeeding year. B. the corporation so elects. C. the distribution is made within 24 months of the adoption of a plan of liquidation and the transaction is "not essentially equivalent to a dividend." D. the corporation discontinues the line of business and the transaction is "essentially equivalent to a dividend."
Typically, changes in net working capital are considered in the estimation of cash flows associated with a new project
Indicate whether the statement is true or false.
Watered shares result: A) when a purchaser does not pay full market value for the shares
B) when a purchaser does pay more than par value for the shares. C) in personal liability for the shareholders. D) None of the above
LED stands for:
A) light-emitting device B) light-emitting diode C) light-emitting distribution D) light-emitting digits