A member is entitled to receive money or other assets from the company under certain circumstances. Which of the following statements is FALSE?
Q: Which of the following is not an objective of administration? A. To rescue a company in…
A: In an organization, administration refers to the process of managing the business operations that…
Q: As a governance mechanism the “threat of takeover” refers to: a) The risk that the government might…
A: Threat of takeover is defined as the fear of acquiring firm by others among the management of the…
Q: NOT outlined in the Code of Conduct? maintain a Trust Account for all trust money received. be both…
A: Ethics and other conducts or standards plays a significant role in maintaining the integrity and…
Q: Which of the following premortem actions can increase the liquidity of a decedent's estate? Making…
A: Answer :- Correct answer is Option - D) III. Urging a client to keep written current records of…
Q: 1. Reinstatement of a life insurance policy requires an insured to take all of the following actions…
A: The question is asking which of the listed actions is not required for the reinstatement of a life…
Q: In addition to the collateral already in debtor’s possession, which of the following can be…
A: Question: In addition to the collateral already in debtor’s possession, which of the following can…
Q: In the election or removal of directors of the corporation, an individual shareholder typically has…
A: A shareholder is an individual, group, or institution that owns a portion of a corporation's stock…
Q: Sunland Company owns equipment that cost $1,017,000 and has accumulated depreciation of $429,400.…
A: Rationale• Loss on Impairment of Equipment (Debit $22,600): This account represents the loss…
Q: Choose the individual who would be eligible for membership in the Florida Real Estate Commission.…
A: The objective of the question is to identify the individual who is eligible for membership in the…
Q: Grantor has established a trust, naming a bank as trustee. Pursuant to the terms of the trust…
A: Estate Planning:It is a type of agreement where a person decides who will own and manage their…
Q: If you purchase stock in a firm, you become: O A shareholder of the firm O Liable for the firm's…
A: The concept of stakeholders refers to individuals, groups, or entities that have an interest or…
Q: A covered call position is A. the simultaneous purchase of the call and the underlying asset. B.…
A: Ans : (D) the purchase of a share of stock with a simultaneous sale of a call on that stock
Q: Which one (1) of the following conditions affects the amount of settlement of an insured loss? OA)…
A: Insurance is an agreement between an insurance company (insurer) and an individual or entity…
Q: Shareholders have the right to vote on CEO pay, but corporations are not legally required to adjust…
A: True. Shareholders do have the right to vote on CEO pay, often through a process known as 'say on…
Q: Current Attempt in Progress Blossom Co. had these transactions during the current period. June 12…
A:
Q: Select the most appropriate statement. Company officers will only be excused from a breach of their…
A: A fiduciary is a person or organization that acts on behalf of another person or persons, putting…
Q: With respect to debtors the main goal of bankruptcy is to ensure that creditors are paid. True Or…
A: "The solution has been provided in a generalized Manner." The legal procedure of bankruptcy offers…
Q: 1. Which liability policy is BEST suited to protect someone who manages private pensions and…
A: [Hi! Thanks for the question. As per our Bartleby guideline, we are supposed to answer only ONE…
Q: The date of death for a widow was 2021. If the estate was valued at $2,187,000 and the estate was…
A: To determine the heir's tax liability, we'll use the estate exemption available in 2021. Based on…
Q: PLS HELP ASAP
A: Automobile insurance is insurance that aims to protect vehicle owners from the damages caused to…
Q: If any of the owners decided eventually to sell any or all of their shares and had identified a…
A: The objective of the question is to identify the type of restriction on share transfer that would…
Q: A statement which is a very short expression consisting of a few words which summarizes what the…
A: Management is a dynamic and essential discipline that plays a crucial role in the success and…
Q: In order to prevent an insured from recovering more than his actual loss, insurance policies contain…
A: A deductible clause is an insurance policy which is defined as a part of agreement which the…
Q: Considering the following statements true or false. 1.Circumstances whereby the CFA member breaches…
A: Disclaimer: Since you have posted a question with multiple sub-parts, so we will solve first three…
Q: Believing that his debt is due when in fact it is not, Dr paid his 10,000 debt to Cr. Give the…
A: In accounting, it is essential to know when a debt is due to avoid premature or delayed payments. If…
Q: When a title of a house and lot is delivered to you upon paying the amount agreed upon, is there a…
A: A contract of sale is a legal agreement between two parties, the seller and the buyer, whereby the…
Q: Briefly explain the nature of the Performance report. Explain the purpose of the perfymance by…
A: Performance management is the process of collaborating and communicating so that employees and…
Q: The due diligence process aims at establishing and verifying:I. The identity of the beneficial…
A: The correct answer is b. I, II, III, and IV.The due diligence process in verifying identities and…
Q: Which of the following is a goal of bankruptcy law? a. to provide relief and protection to debtors…
A: The bankruptcy laws were mainly introduced to streamline the bankruptcy proceedings in the United…
Q: Investors may receive an economic benefit from the ownership of stock by receiving A.…
A: Before we answer the question, let's understand the terms involved:Interest is the charge for the…
Q: an issue arises after the completion of a transaction, which of the following actions should a…
A: It is the responsibility of the sales person to always take a remedial situation in case of any…
Q: A director using confidential information to trade in a company's shares is MOST likely to be in…
A: A director will be obligated for the break of trustee obligation when he acts untrustworthily to the…
Q: A limited partner is responsible for any debts of the partnership, regardless of whether he or she…
A: Partnership business ownership is based upon an agreement that involves entire terms and conditions…
Q: Gowns a Business Overhead Expense policy with a monthly benefit of $5,000. G pays an annual premium…
A: The question is asking about the benefits that G would receive from a Business Overhead Expense…
Q: the office of insurance regulation may examine the records of an insurance company O a. Determine…
A: The objective of the question is to understand the reasons why the Office of Insurance Regulation…
Step by step
Solved in 3 steps
- 23. All of the following actions by an agent may be considered misrepresentations Except O a. Illustrating the dividends on an insurance policy b. describing a policy as a share stock c. describing insurance coverage ambiguously d. overstating an insurance company's surplus #DICompanies A and B differ only in their capital structure. A is financed 30% debt and 70% equity: B is financed 10% debt and 90% equity. The debt of both companies is risk-free. a. Rosencrantz owns 1% of the common stock of A. What other investment package would produce identical cash flow for Rosencrantz? b. Guildenstern owns 2% of common stock of B. What other investment package would produce identical cash flows for Guildenstern?In many states, including New York, an operating agreement is required for a limited liability company to exist. True False
- Fill in the Blank (Select Correct Answer) The purchase of shares of stock in a corporation make that person an(officer, shareholder, director) of that corporation. Typcially, shareholders have (responsibility, no responsibility) for the daily management of the corporation. Shareholders are (not entitled, entitled) to participate in a shareholders meeting, which typically must occur at least (weekly, annually, monthly). The date upon which stock owernship is recorded for voting rights purposes is known as a (voting date, record date, rights date). Any date can be selected as long as it is no more than (fifty, seventy, twenty) days before the shareholder meeting. Brenda purchased Mike's shares on (July 1, July 15, June 1), which is fifteen days (before, after) the record date. On the record date, (Brenda, Mike) owned the shares. Therefore, Brenda (does have voting rights, does not have voting rights) and Mike (does not have voting rights, does have voting rights) from the 100 shares of…Choose the individual who would be eligible for membership in the Florida Real Estate Commission. member of the general public who had a real estate license 15 years ago broker who held an active license for ten ears and has been retired (inactive license) for the past two years active sales associate who got her license one year ago broker who has had an active license for the past five years and is over the age of 65Hyde is a broker involved in a conflicting demands settlement procedure that has already begun. The escrow funds are held in an attorney's escrow account. Hyde seeks an EDO from the FREC. How will the FREC likely respond? The FREC will not issue an EDO because the funds are in an attorney's escrow account. The FREC will issue an EDO within ten business days. The FREC will issue an EDO if the other three settlement procedures don't work. The FREC will not issue an EDO because the dispute must be settled
- pls help ASAPWhich of the following statements is TRUE about an entrenching provision? Group of answer choices It must be altered by at least 75% of members present and voting. It can be amended by following the provisions of S.26(1) of the Companies Act. It can never be removed. It must be amended with the approval of all members.In a hostile takeover, what does the term "going private" reference? Multiple Choice A leveraged buyout A poison pill An initial public offering A confiscatory taking The non-disclosure of information related to the corporate takeover A _____ is a partnership agreement in which company members hold transferable shares, while all the goods of the company are held in the names of the partners. Multiple Choice joint venture limited liability partnership strategic alliance professional limited liability company joint stock company
- Which or the following is false regarding a corporation. They can be publicly or privately owned The corporation is not liable for the personal obligations of its owners It has many of the legal powers that people have The owners of the corporation have some liability for the debts of the corporationIf a will does not provide how an estate will be distributed to grandchildren, under the per capita method of distribution, an heir takes the share that his or her deceased parent would have been entitled to inherit. True or False?What does the term "Affiliated Party mean? ΟΛ Any person who directs or participates in the conduct of alluss of a bourse and who is an officer, stockholder, owney or other person who directly controls a com Any person who is related to the writing insurance agent and works for the same based insurance comparty Any person who has the authority to bind the insurer to the risk of being assumed without requiring a bone or appointment Every group, association or other organization that prepares policy forms and makes underwriting rules axikvit to the setting of rates and underwing clos B. OC O D