Homework Answers
Question 17
False , in Statutory consolidation is a legal combination of two company in which , both entity cease to exists and new entity is form with new identity. The original merging entities are terminated. It remains in new entity as a division .
Whereas in Statutory merger in which only one of the combining companies survives and the other loses its separate identity.
Add Answer to:
QUESTION 17 In a statutory consolidation both companies remain in existence as legal corporations with one...
QUESTION 3 A statutory merger is a business combination in which both companies continue to exist....
QUESTION 3 A statutory merger is a business combination in which both companies continue to exist. O True. O False
QUESTION 27 The primary difference between: (1) accounting for a business combination when the subsidiary is...
QUESTION 27 The primary difference between: (1) accounting for a business combination when the subsidiary is dissolved; and (1) accounting for a business combination when the subsidiary retains its incorporation is if the subsidiary retains its incorporation, the consolidation is not formally recorded in the accounting records of the acquiring company True. False.
CH 17: 1. Multinational corporations Why do companies go global? Multinational corporations operate in locations across...
CH 17: 1. Multinational corporations Why do companies go global? Multinational corporations operate in locations across the world. Each company has its own motive for its presence in different countries. Consider the following case: RTE Telecom Inc. is an American company that produces high-tech electronics. Its managers have decided to move some of its production facilities to Japan in an attempt to circumvent certain governmental regulations. A: Which of the following best describes the reason RTE Telecom Inc. has decided...
Question 2 Both court orders and subpoenas are legal directives signed by a judge. True False
Question 2 Both court orders and subpoenas are legal directives signed by a judge. True False
QUESTION 1 1. Is the following statement true or false: Letters remain the most formal and...
QUESTION 1 1. Is the following statement true or false: Letters remain the most formal and legal type of written business communication. True False 1 points QUESTION 2 Is the following statement true or false: The direct approach is used for letters that have negative messages. True False 1 points QUESTION 3 Is the following statement true or false: An acknowledgment of accepting a request to do something is a thank you letter. True False 1 points ...
Which of the following statements is NOT TRUE? Question 38 options: Corporations are assumed to have...
Which of the following statements is NOT TRUE? Question 38 options: Corporations are assumed to have perpetual lives and partnerships have limited lives. Shareholders have unlimited liability for the obligations of the corporation which represents an important legal risk that equity investors must consider. Double taxation of income is a disadvantage of the corporate form of business organization. Ownership in a corporation is represented by equity shares and this implies that ownership can readily be transferred from one person to...
1 pts Question 17 Under the Tax Cuts and Jobs Act, U.S. corporations have an opportunity...
1 pts Question 17 Under the Tax Cuts and Jobs Act, U.S. corporations have an opportunity to return to the U.S. profits made overseas at a reduced tax rate. O True O False D | Question 18 1 pts All of the following were reported by the U.S. Department of Commerce in Oct 2017 relative to Foreign Direct Investment except O There is no exception. All of the other choices were reported by the U.S. Department of Commerce. 23% of...
Question 5 (10 points) Assume: both companies are public corporations and their taxation year ends on...
Question 5 (10 points) Assume: both companies are public corporations and their taxation year ends on December 31. The information given below is for the year ending December 31, 2019. Scenario 1 Company ABC. Scenario 2 Company XYZ Revenue Cost of goods sold Gross Profit Operating expenses Operating income Other revenue: Gain on sale of investment Eligible Dividend income Income before income taxes 90,000 (45,000) 45,000 (20,000) 25,000 Operating revenue Operating expenses Eligible dividend income Charitable Donation (included in operating...
Match the items below by entering the appropriate code letter. A. Internal users B. Proprietorship C....
Match the items below by entering the appropriate code
letter.
A.
Internal users
B.
Proprietorship
C.
Expenses
D.
Investing activities
E.
Financing activities
F.
Assets
G.
Liabilities
H.
Private corporation
I.
Dividends
J.
Public corporation
1.
Consumed assets or services.
2.
Ownership is limited to one
person.
3.
Officers and others who manage the
business.
4.
Creditor claims against the assets
of the company.
5.
A separate legal entity under
provincial or federal laws that is...
Question 17 2 pts One of the most basic rights of the stockholder is the right...
Question 17 2 pts One of the most basic rights of the stockholder is the right to vote at stockholders' meetings in person or by proxy. True False Question 18 2 pts The declaration and issuance of a stock dividend does not change the total amount of stockholders' equity in the corporation True False
QUESTION 3 A statutory merger is a business combination in which both companies continue to exist. O True. O False
QUESTION 27 The primary difference between: (1) accounting for a business combination when the subsidiary is dissolved; and (1) accounting for a business combination when the subsidiary retains its incorporation is if the subsidiary retains its incorporation, the consolidation is not formally recorded in the accounting records of the acquiring company True. False.
Question 2 Both court orders and subpoenas are legal directives signed by a judge. True False
1 pts Question 17 Under the Tax Cuts and Jobs Act, U.S. corporations have an opportunity to return to the U.S. profits made overseas at a reduced tax rate. O True O False D | Question 18 1 pts All of the following were reported by the U.S. Department of Commerce in Oct 2017 relative to Foreign Direct Investment except O There is no exception. All of the other choices were reported by the U.S. Department of Commerce. 23% of...
Question 5 (10 points) Assume: both companies are public corporations and their taxation year ends on December 31. The information given below is for the year ending December 31, 2019. Scenario 1 Company ABC. Scenario 2 Company XYZ Revenue Cost of goods sold Gross Profit Operating expenses Operating income Other revenue: Gain on sale of investment Eligible Dividend income Income before income taxes 90,000 (45,000) 45,000 (20,000) 25,000 Operating revenue Operating expenses Eligible dividend income Charitable Donation (included in operating...
Match the items below by entering the appropriate code
letter.
A.
Internal users
B.
Proprietorship
C.
Expenses
D.
Investing activities
E.
Financing activities
F.
Assets
G.
Liabilities
H.
Private corporation
I.
Dividends
J.
Public corporation
1.
Consumed assets or services.
2.
Ownership is limited to one
person.
3.
Officers and others who manage the
business.
4.
Creditor claims against the assets
of the company.
5.
A separate legal entity under
provincial or federal laws that is...
Question 17 2 pts One of the most basic rights of the stockholder is the right to vote at stockholders' meetings in person or by proxy. True False Question 18 2 pts The declaration and issuance of a stock dividend does not change the total amount of stockholders' equity in the corporation True False
Most questions answered within 3 hours.
-
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 1 hour ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 3 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 4 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 4 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 5 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 5 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 5 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 6 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 9 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 10 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 10 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 10 hours ago