A corporation's residual owners are the: Suppliers. Employees. Shareholders. Debt holders. Government.
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12/ Multiple choice in fnce homework
A corporation's residual owners are the:
Suppliers.
Employees.
Shareholders.
Debt holders.
Government.
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Solved in 2 steps
- 16- Which of the following businesses can be an LLC? a. Bank b. Insurance company c. Supermarket d. All the options are correct2. Limited liability is an important feature of: A. CorporationsB. Both partnerships and corporationsC. Sole proprietorshipsD. Partnerships 4. The ultimate financial goal of a corporation is to: A. maximize the value of the corporation to the stockholders.B. increase size of the firm.C. minimize stockholder risk.D. maximize profit. 7. Shareholders of a corporation may be, among others, A. pension funds.B. individuals, pension funds, and insurance companies.C. individuals and pension funds.D. individuals.H5. Common shareholders have pre-emptive rights which allow them to ____________________. Group of answer choices a) vote on important matters that affect their interest b) sell their shares to the firm at a pre-determined price c) maintain their proportionate share of ownership in the company d) exercise claims on the firm’s assets prior to preferred shareholders
- Please answer all 3 subparts Question 1 (i) Stakeholder theory is best described as being based on the presumption that the corporation has direct concerns about its relationship with:A. The corporate regulatorB. The directors of the corporationC. The shareholders of the corporationD. A wide range of groups that affect and/or are affected by the corporation (ii) Under the _________, both internal and external corporate governance mechanisms are intended to induce managerial actions that maximize profit and shareholder value.A. Shareholder theoryB. Agency theoryC. Stakeholder theoryD. Corporate governance theory (iii) Which one of the following statements is untrue?A. Companies should set up a remuneration committee consisting of independent non-executive directors. B. The remuneration of the non-executive directors should be determined by the executives. C. The model articles provide that directors should not be permitted to determine their own levels of remuneration.D. Remuneration…4.3 Which of the following will constitute a line item in a close corporation’s statement of members’ net investment? A Member’s contributions B Revaluation surplus / reserve C Loans from members D Current accountsQUESTION 10 Which of the following is an organizational disadvantage of a corporation? A. Taxable entity B. Separate legal entity C. Relative ease of ownership transfer D. Limited liability of owners
- following three theories of corporatesocial responsibility:(i) shareholder value theory,(ii) stakeholder management theory, and(iii) social contract theory.For each of these three theories, explain in your own words in one shortsentence what the core claim of that theory is. In addition, provide one argumentfor and one argument against each of these three theories.9. Which of the following least describes the relatedness of Accounting and Financial Management? A) Both functions take into consideration accountability. B) Both are concerned with the proper preparation and presentation of Financial Statement. C) Both are concerned with the relevance and timeliness of financial information. D) Both deals primarily with financing and investing decisions. 10. Which of the following does not pertain to a Limited Liability Company (LLC) or Limited Liability Partnership (LLP) A) The owners of an LLC are referred to as members, and these owners may be individuals, partnerships, corporations, or other entities. B) LLC is not considered a form of business for tax purposes so it must file as a corporation, partnership, or sole proprietorship. C) Both special type of form of business may enjoy the benefits of limited liability. D) LLCs and LLPs are de facto businesses and are not legally accepted forms of business organization. 11. Which of the following is…Item 3 Which private company would benefit from using ASPE rather than IFRS? Multiple Choice company with a control block who owns the majority of the business company with operations internationally company interested in debt/equity financing in the external market company whose parent company is a major public corporation
- 33. A purchaser of a business will generally prefer which of the following? An asset purchase to receive new basis for depreciation A stock purchase because the seller will receive capital gains Utilizing a §338(g) election If the selling entity is an S Corporation making a joint §338(h)(10) election All of the above A,C,&D What form is required to report the allocation of the purchase price? ____________Please answer all 3 subparts Question 1 (i) Which of the following statement is more apprpriate concering a two tier board?A. The management board is led by the chairman.B. Members of the supervisory board form part of the Audit CommitteeC. The CEO reports to the shareholders.D. The management board comprises of only executive directors. (ii) Example of economic stakeholders are:A. Customers, suppliers, bank and other debt holders.B. The board members. C. Shareholders and employeesD. Any stakeholder who has a direct or indirect stake in the company. (iii) Accoring to managerial definition of corporate governance, the role of the board is to:A. Accountable to all shareholders.B. To serve management.C. Ensure the interest of everyone is protectedD. Do what is best for the corporation7. Setting accounting standards by the private sector isSelect one:a. Independent discipline approachb. Microeconomic approachc. Common law accountingd. Code law accounting
