Question
Which does not require the approval of stockholders?
a. Declaration of cash dividends
b. Purchase of a new equipment
c. Opening of corporate bank account
d. All of the above
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 3 steps
Knowledge Booster
Similar questions
- What activities are commonly associated with Shadow Banking? I. Securitization activity centered around structured investment vehicles (SIV) but not special purpose vehicles (SPV). II. Hedge funds. III. Secured financing based on repo and stock lending agreements. IV. Money market mutual funds. Question 3Answer a. I, II, III and IV. b. I, II and IV only. c. I, II and III only. d. II, III and IV only.arrow_forwardTrue or False. 1. Business is an entity where the skills, energy, and enterprise of owners & partners are linked with money, its sources and investment. 2. Finance is not involved in the production of financial resources from business operations. 3. Allocating funds is the same as the actual distribution of funds 4.arrow_forwardEntries for bonds payable and installment note transactionsThe following transactions were completed by Winklevoss Inc., whosefiscal year is the calendar year Instructions1. Journalize the entries to record the foregoing transactions. Round allamounts to the nearest dollar.2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2.3. Determine the carrying amount of the bonds as of December 31, Year2.arrow_forward
- A prospectus is provided to disclose information when the corporation is selling new issues of securities to potential investors. True or False True Falsearrow_forwardInvestors tend to only invest in stocks of companies that pay high dividends. True Falsearrow_forwardMo. Please give only typed answer.arrow_forward
- 9 who has the right of first choice in selecting a collecting bank. A. The presenting B. The drawee c.The remitting bank D. The principlearrow_forwardreward employees when company stock shares increasevalue and can only be used after a vesting period.O Team reward planO Individual retirement planO Employee stock ownership plansO Profit-sharing programsarrow_forwardA private offering is a sale of securities in which: X investors may resell their stock within 3 months of acquisition. the security can only be sold within the home state of the offeror. the security is exempt from registration. the issuer provides less disclosures in return to selling less stock to fewer investors.arrow_forward
- H1. Accountarrow_forwardtrue or false 8. Company's confidential information can be considerably more valuable than information about credit cards.arrow_forwardMoney taken out of a sole proprietorship by an owner is: Choose the correct answer 1. subject to income tax, Employment Insurance and Canada Pension Plan 2. deductions when taken out. 3. considered an expense 4. taken as a draw against anticipated profits 5. all of the abovearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios