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Klio2033 [76]

I think its B thanks:)

8 0

3 years ago

Bryan Corporation decided to purchase a plant site. Bill Shephard, a newly elected director, has owned a desirable site for many

tatiyna

Available options are:

A. The sale would be proper only upon requisite approval by the appropriate number of directors and at no more than Shephard's cost, thus precluding his profiting from the sale to the corporation.

B. The sale would be void under the self-dealing rule.

C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.

D. The sale would not be proper, if sold for the present fair value of the property, without the approval of all of the directors in these circumstances.

Answer:

C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.

Explanation:

The reason is that the transaction is arms length transaction and in this transaction the payer pays the amount that he must pay for an equivalent item which we call an fair value payment. The receiver here is a director though but he is receiving an legitimate price and this price is fair value of the property so he is not required to mention his profit share because the company is paying him fair value of the property.

4 0

3 years ago

Read 2 more answers

A free-trade agreement between two countries results in increased trade between the countries because barriers to trade are remo

serious [3.7K]

Answer:

True

Explanation:

A free trade agreement consists of deliberate actions by countries to increase the volume of trade between them by reducing trade barriers. A trade agreement entails a reduction or elimination of tariffs and other economic collaboration the encourage cross border trade.

A free trade agreement gives rise to a free trade zone. Goods and services move a lot freely in a free trade zone. There is an increased movement of capital and other factors of production between the two countries.

5 0

3 years ago

xyz's corporation has an investment in 20,000 shares of wallace company common stock with a cost of $872,000. these shares are u

Flura [38]

Answer:

XYZ's Corporation

The net effect of this property dividend on retained earnings is a reduction of:

= $388,000.

Explanation:

a) Data and Calculations:

Cost of investment in Wallace Company = $872,000

Property dividend declaration date = May 25

Property dividend distribution date = July 31

Property dividend date of record = June 15

Fair value per share of Wallace shares:

May 25 = $63

June 15 = $66

July 31 = $68

Amount of property dividend declared = $1,260,000 ($63 * 20,000)

Analysis of entries:

May 25:

Property dividend $872,000 Loss on Distribution $388,000 Property Dividend Payable $1,260,000

July 31:

Property Dividend Payable $1,260,000 Cash $1,260,000

5 0

3 years ago

Fitbit makes health and fitness tracking devices. some buyers want very basic fitness tracking such as steps taken and calories

spin [16.1K]

In serving these two different groups, Fibrit is using the benefits sought or benefit segmentation. The benefit segmentation is a process that divides the market into a category in regards of the perceived value in which the segments made in the market is purely based on the performance, customer service, quality, features and the benefits that it provides to its consumers.

7 0

3 years ago