Answer:
1. What must the shareholders prove to recover?
The shareholders say that the Board of Directors had given Ovitz more as written in Employment Agreement. Ovitz had more incentives & other facilities as compared to other employees.
And that is unfair with the other employees. Because of this the shareholders had filed a complaint against the company about the remuneration of O.
2. What does the court say is the relationship between good corporate governance, liability, and business judgment?
The court has to decide that whether the Board of directors should be responsible for the decision-making process and wasting corporate assets or they have power and authority to do anything they want.
Rules of corporate governance of any company are mentioned in their terms and conditions and in this case the Board goes beyond the requirements and because of this liability of company will also increase.
3. What alternatives to litigation do shareholders have?
They have many alternatives;
1) Negotiation with the Directors
2) Dealing with small claims electronically.
3) Through Discussion
4) Involvement of some mediator
Answer:
A
Explanation:
A leader is someone who ensures their team has support and tools to achieve their goals.
Answer: Option A
Explanation: Certified Public Accountant is an American Institute of Certified Public Accountants (AICPA) qualification for suitability in the accounting profession. The roles include financial analysis, accounting and reporting, accounting for assets, and management of treasury/cash.
Due to different rules and procedures in different states of America, the accountant must pass an examination and get license from the concerned authority if he or she wants to practice in the state as a signatory authority.
Signatory authority refers to the ability to verify audit reports of the company.
Answer and Explanation:
As per the data given in the question,
Journal entries on July 1 and Dec. 31,2021
July-01 Investment in bonds A/C Dr. $300 million
Premium on bonds A/c Dr. $40 million
To Cash A/c $340 million
Dec-31 Cash A/c Dr. $10.5 million
($300 × 3.5%)
To Premium on bonds A/c $2.00 million
To Interest Revenue A/c $8.5 million
($340 × 2.5%)
Answer:
$120,000
Explanation:
Calculation to determine What should be the balance in the Work-in-Process Inventory following these transactions
Beginning balance in WIP $75,000
Add: Direct materials transferred $39,000
Direct factory labor cost $6,000
Ending balance $120,000
($75,000+$39,000+$6,000)
Therefore What should be the balance in the Work-in-Process Inventory following these transactions is $120,000
