Answer: has the right to inspect corporate books and records, as information regarding the corporation and its affairs is essential to perform his duties.
Explanation:
Based on the information given, it is vital for Scott to inspect corporate books and records, as information regarding the corporation and its affairs is essential to perform his duties.
Since Scott is part of the people who are considering a large purchase of new equipment to begin production of a completely new product line, he therefore needs to check out the corporate books and records in order to gain factual information which will support his stance on the matter.
Therefore, the correct option is C.
Real estate commission fee
Answer:
Brittany sold her stock (the basis of $60,000) to her brother, Ridge, for $35,000, the fair market value. Her brother subsequently sells the stock to the third party for $34,000.
Ridge’s recognized gain or (loss) is ($ 1,000).
Explanation:
The formula for calculating recognized Gain/[loss] is expressed below:
Recognized Gain/[loss] = Sales Price - Fair Market Value at the time of purchase from Brittany
Recognized Gain/[loss] = $ 34,000 - $ 35,000 = [$ 1,000]
Based on the calculation above, Ridge’s recognized gain or (loss) is ($ 1,000).
Answer:
- Lisa cannot find the job she wants so she has stopped looking.
- Penny has a college degree in nursing, but currently has to work as a store clerk as it is the only available job in her small town.
Explanation:
Hidden Unemployment also known as Disguised Unemployment in simple terms refers to the following people; people who are not working and have given up on looking for work because they could not find any, people who have the skillset and determination to work full-time working only part time and people who are underemployed meaning that they are working a job that they are overqualified for.
Hidden Unemployment is considered hidden as it is not reflected in employment statistics.
Lisa could not find a job so she stopped looking. This is Hidden Unemployment and official figures will not even count her as unemployed because you need to be actively looking for work to be classified unemployed.
Penny is overqualified for the store clerk position she holds or rather she is qualified for a different profession. Employment statistics will however show her as employed.
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