Jonathan is a common stockholder in an information technology firm. Owing to his right to a residual claim on assets, he is entitled to receive a share in the proceeds of the companythat is proportionate to his ownership if the company:
A. issues new stocks.
B. earns extra profits.
C. merges with another firm.
D. goes out of business.
Answer: D
You might also like to view...
Oakland Corp purchased land and a building for a combined cost of $500,000 . Oakland must
a. record the $500,000 acquisition cost in an account called Land and Buildings. b. depreciate the $500,000 acquisition cost, less any residual value, over the expected useful life of the building. c. because part of the purchase involved land, record all of the cost in the Land account. d. allocate the $500,000 acquisition cost to separate Land and Buildings accounts based on their respective fair market values.
____ is the splitting of complex data sets into case-specific tables
a. Deviation b. Stratification c. Data mining d. Soundex
Running afoul of miscellaneous laws in a foreign country is
A. an error easily forgiven by foreign police. B. a serious error, so the local law should be known. C. not a serious issue because both your country and your company stand behind you. D. not a major issue, as the embassy can work out your release.
Which of the following applies if a business wishes to revoke an individual's permission to enter its premises?
A) The business must provide reasonable grounds for the revocation. B) The business must first ask the individual to leave the premises. C) The business can revoke permission without any reason D) The business must have caught the individual in the act of shoplifting E) Both B and C.