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agasfer [191]
3 years ago
10

Croissants Corporation and Donuts Company transfer their assets to Edibles Inc., which manages the assets and distributes the pr

ofits to Croissants and Donuts. This arrangement is a. none of the choices. b. a joint venture. c. a syndicate. d. a business trust.
Business
1 answer:
sergejj [24]3 years ago
5 0

Answer:

Edibles Inc.

This arrangement whereby Croissants Corporation and Donuts Company transfer their assets to Edibles Inc. is called:

d. a business trust.

Explanation:

Edibles Inc., as a trustee, carries out business transactions on behalf of Croissants Corporation and Donuts Company, who are regarded as the trust's members (or beneficiaries).  It is a formal structure that safeguards an entity's assets against creditors and ensures that the business is professionally run in line with accepted practices.

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MNO preferred stock pays a dividend of $2 per year and has a price of $20. If MNO's tax rate is 21 percent, the required rate of
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The required rate of return on its preferred stock is found by using PW = D/R.

<u>Given Information</u>

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