If there is a confidential relationship between two people, any contract made by the servient party that benefits the dominant party is presumed to be entered into under undue influence
Indicate whether the statement is true or false
TRUE
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You want to build your image so that
a. you can hide your character flaws from others. b. project the qualities and characteristics you want others to see. c. everyone will like you. d. all of these choices.
MegaCorp purchased 10,000 shares of its own stock that had previously been owned by private investors. The stock MegaCorp repurchased is called A)?authorized and unissued
B)?authorized and issued. C)?treasury stock. D)?repurchased stock.
The financial statements for Jode Inc. and Lakely Corp., just prior to their combination, for the year ending December 31, 2017, follow. Lakely's buildings were undervalued on its financial records by $60,000. Jode Inc. Lakely Corp. Revenues$1,300,000 $500,000 ?Expenses (1,180,000) (290,000)?Net income$120,000 $210,000 ?Retained earnings, January 1, 2017$700,000 $500,000 ?Net income (from above) 120,000 210,000 ?Dividends declared (110,000) (110,000)?Retained earnings, December 31, 2017$710,000 $600,000 ?Cash$160,000 $120,000 ?Receivables and inventory 240,000 240,000 ?Buildings (net) 700,000 350,000 ?Equipment (net) 700,000 600,000 ?Total
assets$1,800,000 $1,310,000 ?Liabilities$250,000 $195,000 ?Common stock 750,000 430,000 ?Additional paid-in capital 90,000 85,000 ?Retained earnings, 12/31/17 710,000 600,000 ?Total liabilities and stockholders' equity$1,800,000 $1,310,000 ???On December 31, 2017, Jode issued 54,000 new shares of its $10 par value stock in exchange for all the outstanding shares of Lakely. Jode's shares had a fair value on that date of $35 per share. Jode paid $34,000 to an investment bank for assisting in the arrangements. Jode also paid $24,000 in stock issuance costs to effect the acquisition of Lakely. Lakely will retain its incorporation.Required: Determine consolidated net income for the year ended December 31, 2017. What will be an ideal response?
A company raises the price on its products and sells more of them. What is the impact on its cash flow?
A) Cash inflow increases. B) Cash inflow decreases. C) Cash outflow increases. D) Cash outflow decreases.