Answer:
D) purchasing euro call options.
Explanation:
If Lazer purchased euro call options it would be basically buying the right to purchase euros at a specified currency exchange rate. This way Lazer would know what is the maximum amount it will have to pay for the euros it needs to cover its debts. The call option give the buyer the right to purchase the euros but not the obligation, so if the euro depreciates, then Lazer can simply decide to not use the call option.
Answer:
$0
Explanation:
Since 100% of Cooper Corporation's stock were owned by Carole and Chris (who are siblings), then no one can recognize any loss or gain from the contribution of property (nor the distribution of property). Under section 351, no gain or loss can be recognized for the contribution of property in exchange for stocks in a controlled corporation.
Since the contribution was made through a carryover basis transaction less than 5 years before the liquidation, the distribution is carried out in the same way.
Answer options:
a. partly successful.
b. partly unsuccessful.
c. totally successful.
d. totally unsuccessful.
Answer:
D) totally unsuccessful.
Explanation:
Since Sari ratified the contract that Rolf made with Tige, then she should not try to rescind it because Tige can enforce it. Sari had the chance to void the contract, but instead she voluntarily decided to ratify it, and by doing so she expressly agreed to perform her part (which is paying for it).
Answer:
E) She may take a 3 percent discount if she pays the invoice within ten days.
Explanation:
Net30: net/30 is a type of trade credit where the buyer must pay within 30 days of the purchase. Traders usually offer discounts so that buyer pays the amount earlier than the time of payment.
Example: Notation 3/10 on the invoice means the customer will be given 3% discount if he/she pays within 10 days.
