All categories

3 years ago

When a corporation sells all or substantially all of its assets to another corporation, generally,

Business

1 answer:

Svetllana [295]3 years ago

4 0

Answer:

a. a majority of both shareholders and directors must approve.

Explanation:

Whenever a corporation decides to dispose off all of it's assets or substantially all of it's assets to another corporation, following points are noteworthy

The Board of directors first have to propose a resolution regarding disposition which has to be approved
Secondly post approval of the said resolution, the act of "disposition" also requires approval by the corporation's shareholders.
Such approval must be obtained by majority of the votes cast in it's favor.

In short, disposition of all or substantially all the assets requires an approval of a majority of both shareholders and directors.

You might be interested in

Writers at giant robot magazine realize that creating a ________ is important because it gives them the opportunity to let thei

Brilliant_brown [7]

The answer is B. Rough draft

6 0

2 years ago

If a bank is offering a higher interest rate of return to investors, the MOST LIKELY impact on borrowers from the same bank is

umka21 [38]

The answer is D. An increased interest rate.
The bank will increase the interest rates on loans to get a return on their expenses.

5 0

2 years ago

You are buying a $62,000 house for 10% down, with the rest financed at 11 3/4% for 30 years with fixed monthly payments. you mus

Kitty [74]

The answer would be 42 percent.

7 0

3 years ago

Hardin Company received $120,000 in cash and a used computer with a fair value of $360,000 from Page Corporation for Hardin Comp

san4es73 [151]

Answer:

$30,000 and $360,000

Explanation:

The computation of the gain on the exchange is shown below:

= Cash received + fair value of the computer - undepreciated cost of existing computer

= $120,000 + $360,000 - $450,000

= $30,000

The amount of the computer which is recorded will equal to the fair value of the computer i.e $360,000

For computing the gain we simply added the fair value and deduct the undepreciated cost of an existing computer in the cash received amount so that the accurate amount can come.

All other information which is given is not relevant. Hence, ignored it

3 0

3 years ago

To make low-profit customers more profitable the ABC bike shop-

Anna007 [38]

Answer:

C) allows existing customers to upgrade to a newer model by trading in their older model.

D) though it previously offered free delivery, now charges for deliveries made outside the city.

Explanation:

If ABC company wants to change low profit customers into more profitable customers, they need to:

encourage low profit clients to buy larger quantities by offering promotions (e.g. get a discount if you buy a bike, helmet and other gear all together)
forgo certain services or features to low profit customers, e.g. free delivery only for expensive bikes
increase the price of your product for low profit customers (e.g. charge a delivery cost for cheap bikes)
offer upgrading options to low profit clients

8 0

3 years ago