$4 million.
An item is worth what the market is willing to pay for it, which is sometimes different than the estimated value.
Answer:
Ellison Company should recognize compensation expense on its books in the amount of $600
Explanation:
Solution
The transaction in the books of Ellison Company during the period of July 1st 2010 to December 31st 2010
On July 1st the share value was $30 *400 = 12000
On October 1st 2010 sold at $ 36 * 400 = 14400
The gain on this transaction was = $2,400
31st July 2010, less compensation expenses =$ 1,800
The fair vale to be recorded as a gain = $ 600
<span>In this case, the transfer could be considered voidable by the trustees. This is because Shirley did not receive the fair value for the car, but simply received a negligible amount as a way of trying to defraud her creditors. In this case, the transfer could be voided.</span>
1. False
2. False
3. True
4. False
5. false
6. False
7. True
8. False
9. True
10. False
Answer:
1. Per se application - US Competition law
Justification: It is a provision of US competition law
2. Misuse of activity - EU Competition law
Justification: It is a provision of EU competition law
3. Extraterritoriality - US and EU
Justification: It is a provision of US and EU antitrust and competition law
4. Trade obstacle, non-tariff - France
Justification: These are considered to be part of the France trade system
5. Strict liability - U.S. Tort Law
Justification: It is part of the U.S. Tort Law and depends on intent to harm liability
6. Punitive damages - U.S. Product Liability Law
Justification: It is a provision of U.S. Product Liability Law
