A majority vote of the shares represented at a shareholders' meeting is usually required to pass resolutions
Indicate whether the statement is true or false
True
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Use of market transfer prices
A) is the only acceptable approach in a free enterprise economy. B) usually does not cause the selling division to ignore negotiating attempts by the buying division. C) may cause an internal shortage of materials. D) usually does not work against the operating objectives of the company as a whole.
A company had average total assets of $3,216,000, total cash flows of $1,320,000, cash flows from operations of $554,000, and cash flows for plant assets of $850,000. The cash flow on total assets ratio equals:
A. 41.97%. B. 41.04%. C. 64.39%. D. 17.23%. E. 26.43%.
The Railway Labor Act empowers the president of the United States to create a _______________________________ board if a strike threatens to deprive essential transportation service.
Fill in the blank(s) with the appropriate word(s).
Identify which of the following statements is true.
A. The value of decedent's stock satisfies the Sec. 303 minimum if it is less than 35% of the decedent's gross estate. B. Attribution rules do not apply to qualified Sec. 303 stock redemptions. C. If a stock redemption is made by an estate following the decedent's death, the redemption may receive capital gains treatment only if the money is actually used to pay the death taxes. D. All of the above are false.