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Elena L [17]
3 years ago
12

In the absence of a specific provision in its articles of incorporation, a corporation's Board of Directors has the power to do

all of the following, except
1. Repeal the bylaws
2. Declare dividends
3. Fix compensation of directors
4. Amend the articles of incorporation.
Business
1 answer:
nekit [7.7K]3 years ago
5 0

Answer:

4. Amend the articles of incorporation.

Explanation:

The articles of incorporation is the document of incorporation  prepared by the promoters a corporation which provide general information about the corporation submitted to their home state to get the entity incorporated.

The  Board of Directors of a corporation has no power to amend the articles of incorporation but must followed some procedure before it can be amended. However, it needs the vote of majority of the directors before the proposal can be submitted to Secretary of State

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A certain delivery service offers both express and standard delivery. Seventy-five percent of parcels are sent by standard deliv
Elena L [17]

Answer:

Probability, P(n) = 3/8

Explanation:  Let standard delivery be S and express delivery be E.

I) When the parcels were sent:

S(n) = 75/100 and E(n) = 25/100

II) When the parcels arrived:

S(n)← = 80/100 and E(n)← = 95/100

The probability a record of a parcel delivery is chosen, P(n) = S(n)*E(n) + E(n)*S(n) = 75/100*25/100 + 25/100*75/100

P(n) = 3/16 + 3/16 = 6/16

∴ P(n) = 3/8

7 0
3 years ago
Company Pea owns 90 percent of Company Essone which in turn owns 80 percent of Company Esstwo. Company Esstwo owns 100 percent o
ankoles [38]

Answer:

Company Pea

Consolidated financial statements should be prepared to report the financial status and results of operations for:

Essone - 90%

Esstwo = 72% (90% x 80%)

Essthree = 72% (90% x 80% x 100%)

Explanation:

Company Pea is described as the holding or parent company of Company Essone.  This means that Essone is Company Pea's subsidiary.  In preparing consolidated financial statements to report the financial status and results of operations for Company Essone, Company Pea will consolidate 100% of Company Essone while accounting for noncontrolling interest of 10% (effectively 90%).

When Company Essone is consolidating its financial statements, it should consolidate 80% of Company Esstwo while Esstwo consolidates 100% of Company Essthree.

But since Essthree is also a subsidiary of Company Pea, Company Pea will consolidate Esstwo and Essthree's financials to the tune of 72% respectively, while consolidating 90% of Essone's.

8 0
2 years ago
The most substantive part of a formal report is the body; thus, you’ll want to compose the body with care to effectively convey
mihalych1998 [28]

Answer:

Make $200,000 in less than two month (Send me a message if interested)

If I told you that you could turn your spare time into a side-income online business, would you be interested?    

I recently became introduced to two guys that were able to make $960,824.41 within 31 days. These guys are “anti-gurus”... they’re everyday guys. Their students have generated millions, too.   And they also helped me to make over $200,000 in less than 2 months

I was able to convince them to show you how they did it on a free training event this week.

They’re sharing this for the first time and will show you how to turn your spare time into a $100,000.00 online side business.  

The best part? You can do this with NO experience / technical skills.

Explanation:

5 0
3 years ago
Carolina City places an order for a specific item of equipment and encumbers $6,000 for that item. The equipment arrives with an
IceJOKER [234]

Answer:

Dont care about your questions

7 0
3 years ago
During 2018, LeBron Corporation accepts the following notes receivable. a. On April 1, LeBron provides services to a customer on
Firdavs [7]

Answer:

Explanation:

The journal entries are shown below:

a. Short term notes receivable A/c Dr $5,300

              To Service revenue A/c                        $5,300

(Being the service is provided based on the notes receivable)

b.  Short term notes receivable A/c Dr $9,300

              To Cash A/c                        $9,300

(Being cash is paid)

c.  Short term notes receivable A/c Dr $4,300

              To Account receivable A/c                        $4,300

(Being 3-month note receivable is accepted which is signed by the customer)

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3 years ago
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