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Marat540 [252]
3 years ago
6

Which of the following requirements must be met for a redemption to be treated as substantially​ disproportionate? A. The shareh

older must own less than​ 50% of the outstanding stock​ (in terms of voting​ power) after the redemption. B. After the​ redemption, the shareholder must own less than​ 80% of his percentage ownership of voting stock prior to the redemption. C. After the​ redemption, the shareholder must own less than​ 80% of his percentage ownership of common stock​ (voting and​ nonvoting) prior to the redemption. D. All of the above must be met.
Business
1 answer:
Verdich [7]3 years ago
7 0

Answer:

the answer is C

Explanation:

why ? the redemption is used for marketing to define or even to know how in the future your company reach their economic profit levels,and also to the shareholder benefits,  so that's why when the company put on the market the outstanding stock , they decide how many any shareholder could get. they are looking always to increase their own business but if the company say that after redemption you must own less than 80% of his percentage ownership, its not common , nobody could get less even 50% of his own outstanding shares stock.

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TOPIC FIVE (TEST - Vocabulary)
kaheart [24]

Answer:

1 sole trading concern

7 0
3 years ago
Alt Corp. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, increases are ma
HACTEHA [7]

Answer:

c. Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000.

Explanation:

The journal entry for issuance of the common stock for cash is shown below:

Cash A/c Dr $70,000

        To Common stock $50,000 (5,000 shares × $10)

        To Additional paid in capital A/c - Common stock A/c $20,000

(Being the common stock is issued for cash)

While recording this entry it increased the assets so the cash account is debited while at the same time it also increased the common stock for $50,000 and the additional paid in capital in excess of par value i.e $20,000 so both these account are credited

8 0
3 years ago
Unlike the early stock exchanges, National Association of Securities Dealers Automated Quotation System (NASDAQ) has never:
Leya [2.2K]
<span>Unlike the early stock exchanges, National Association of Securities Dealers Automated Quotation System (NASDAQ) has never m</span><span>aintained a physical trading location where dealers meet to trade securities.</span>
8 0
3 years ago
Grantor C conveys a large house and land to his daughter and son-in-law to be theirs as long as they are married. One year later
Crazy boy [7]

Answer:

c. It reverts back to C

Explanation:

Grantor C conveys a large house and land to his daughter and son-in-law to be theirs as long as they are married. One year later they are divorced, The property is reverted back to C that is the Grantor. The property is neither given to the daughter nor to the son-in-law. This according to the American court law.

5 0
3 years ago
____ is the functional area of business that is responsible for finding the best sources of funds and the best ways to use them.
Kitty [74]

Finance is the functional area of business that is responsible for finding the best sources of funds and the best ways to use them. So the correct option is (d).

What is a Functional area?

Functional area describes a way of segmenting an organization into distinct parts, each of which will act as a fully functional unit carrying out the specified functions. This means that a segmented unit like this accomplishes a specific organizational goal that can be distinguished from the role of other segments. The human resource department, a division within the organization that is divided from other functional areas by the particular obligations that are distinctive to just the human resource department, is an example of such a division within an organization.

Therefore correct answer is (d).

Learn more about Functional area here:

brainly.com/question/13576111

#SPJ4

4 0
1 year ago
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