The correct option is c. a sale of substantially all of the corporate assets.
Beth could normally exercise appraisal rights if Cotton participates in sale of substantially all of the corporate assets.
<h3>
What are appraisal rights?</h3>
The legal right of a company's board of directors to have a court action or independent appraiser establish an acceptable stock price and compel the purchasing corporation to buy shares at a certain price is known as an appraisal right.
Some key features regarding appraisal rights are-
- A company's shareholders have the legal right to request a judicial procedure or an independent valuation of a company's shares in order to establish the stock price's fair market value. This legal right is known as an appraisal right.
- When their firm is being acquired and merged and the shareholders feel that the price being given is too low, they often use their appraisal rights.
- The fair price can be calculated using a variety of valuation techniques, such as asset-based approaches, income and cash flow methods, comparative market indicators, hybrid methods, and formula methods.
- Important investor rights like appraisal rights shield shareholders' investments from unfair, opportunistic, or poorly timed bids for their shares.
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The complete question is -
Beth is a shareholder of Cotton Clothes, Inc., whose management is considering extending its operations through some type of combination or acquisition with Denim Jeans Corporation. Beth could normally exercise appraisal rights if Cotton participates in
a. none of the choices.
b. a termination.
c. a sale of substantially all of the corporate assets.
d. a tender offe
Answer:
Direct material price variance= $69,160 unfavorable
Explanation:
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Standard price= 478,800/72,000= $6.65
Actual price= 574,560/76,000= $7.56
Direct material price variance= (6.65 - 7.56)*76,000
Direct material price variance= $69,160 unfavorable
Answer:
The amount of the loan was $ 13,953.48.
Explanation:
To determine what is the loan amount if the interest rate is 7.5% per year and the monthly interest payment is $ 1,250, the following calculation must be performed:
1250 x 12 = 15,000
1,075X = 15,000
X = 15,000 / 1,075
X = 13,953.48
Therefore, the amount of the loan was $ 13,953.48.
Solution:
The journal entries for Geraths in 2020
July 1st Cr Dr
No entry No entry
September 1st Cr Dr
Cash 2000
Accounts receivable 400
Cost of goods sold 1100
Inventory 1100
Unearned service revenue 554
Sales Revenue 1846
October 15th Cr Dr
Cash 400
Unearned service revenue 554
Service revenue 554
Accounts receivable 400