Answer:
they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.
Explanation:
The business judgment rule provides corporate officers and directors protection when they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.
Generally, the business judgment rule is a legal principle that primarily protect the board of directors from breach of fiduciary duty liability, in as much as the directors acted in good faith of the shareholders and ensuring a logical and well informed decision-making process.
The fiduciary duty liability of the corporate officers and directors of an organization to its shareholders are duty of loyalty, care, prudence, which implies, they'll always make the interest of the corporation and its shareholders a high level priority.
Hence, the business judgment rule is aimed at protecting and mitigating the risks faced by corporate officers and directors in the event of litigations because it is assumed that they're acting in the interest or favor of the corporation and its shareholders.
It’s important because it gets you to be a skinny legend and you need greens to survive.
Answer:
Advanced Automotive
Allocation of Historical Cost
Land = $64,000
Building = $32,000
Equipment = $224,000
Journal Entries
Dr - Property, Plant and Equipment - $320,000
Cr - Account Payable - $320,000
Explanation:
Workings
Land = $70,000 × ($320,000/$350,000) = $64,000
Building = $35,000 × ($320,000/$350,000) = $32,000
Equipment = $245,000 × ($320,000/$350,000) = $225,000
The answer is "<span>Google Recaptcha".
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CAPTCHA stands for Completely Automated Public Turing test to tell Computers and Humans Apart and Google's reCAPTCHA is the main CAPTCHA service on the Web. You've likely observed CAPTCHAs a million times on join pages over the Web; to isolate people from spam bots, a test will fly up soliciting you to unravel a photo from words or numbers, choose questions in a lattice of pictures, or simply click a checkbox. Presently, however, you will see CAPTCHAs less and less, not on account of Google is disposing of them but rather in light of the fact that Google is making them undetectable.
McDonald's will recognize a gain if it generates an amount of revenue that is higher than its operating expenses. This statement is False.
- Gains are advantages produced by non-operating activity. For instance, McDonald's runs a fast food restaurant. Its main business activity is providing food to clients. Nevertheless, McDonald's engages in operations unrelated to the sale of burgers, fries, etc.
- For instance, although not being in the real estate industry, the corporation does buy and sell land and structures that house its restaurants. McDonald's would benefit by $30,000 ($150,000 - $120,000) if it sold a piece of land for $150,000 instead of just $120,000. Gain is the term used to describe this $30,000 profit from a non-operating activity. Losses are the costs incurred as a result of non-operating operations.
- For instance, the company would lose $20,000 ($100,000 - $120,000) if McDonald's had to sell the land it paid $120,000 for for $100,000. In conclusion, typical business activities generate revenues and expenses, while non-operational occurrences generate gains and losses.
Thus the answer is false.
To learn more about revenues and expense, refer: brainly.com/question/13738783
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