DB 8-1

In the event of bankruptcy, which partners would most likely to spend more money to settle the business liabilities? A)Silent partners B)Limited partners C)Industrial partners D)General partners

Explain Berkshire Hathaway corporation.

If ABC Corporation will increase its authorized capital stock, the Corporation Code requires - a. the approval of the majority of the Board of Directors only. b. the approval of the majority of the stockholders and the Board of Directors. c. the approval of 2/3 of the shareholders of the outstanding capital stock as well as the approval of the Securities and Exchange Commission. d. the approval of the majority of the Board of Directors and approval of the shareholders holding 2/3 share of the outstanding capital stock.

Which of the following statements is correct in relation to limited partners? Select one: a. Their liability is limited to the capital they have agreed to invest in the partnership b. They have no liability for partnership debts c. They have full liability for partnership debts.

Shares of Unity Software, which provides technology to video game developers, advanced as much as 48 per cent in their public debut on Friday, lifting the valuation of the company briefly above $20bn… Its stock rose as high as $76.79 in early trading after the company sold 25m shares at $52 a piece, raising $1.3bn in proceeds. Unity’s shares, which trade on the New York Stock Exchange… slipped from their early highs and ended the day up 31 per cent. The trading debut came after Unity increased the range marketed to investors from between $34 and $42 per share to between $44 and $48 per share on Wednesday, reflecting strong demand for its offering.       The company estimates that half of the top 1,000 mobile games on Apple’s App Store and Google Play were made using its platform, which has expanded to help game developers make money from advertising. The business made a net loss of $163.2m on revenues of $541.8m last year, which grew 42 per cent from the previous year. The IPO comes…

Explain the hostile takeover situation.

Companies A and B differ only in their capital structure. A is financed 30% debt and 70% equity: B is financed 10% debt and 90% equity. The debt of both companies is risk-free. a. Rosencrantz owns 1% of the common stock of A. What other investment package would produce identical cash flow for Rosencrantz? b. Guildenstern owns 2% of common stock of B. What other investment package would produce identical cash flows for Guildenstern?

What is the nature of liability of limited partners as to limited partnership debts or obligations? A. They are liable up to the extent of their capital contribution only B. They are liable pro-rata up to the extent of their separate assets after the partnership assets are exhausted C. They are liable pro-rata up to the extent of their capital contribution only D. They are liable equally up to the extent of their separate assets after the partnership assets are exhausted

Briefly explain the liability of:(a) A director of a private limited liability company.(b) A partner of a partnership.(c) A sole trader.(d) A private limited company.

On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts.              Common stock, $1 par, 254,000 shares issued  $  254,000  Paid-in capital–excess of par, common     508,000  Paid-in capital–excess of par, preferred     120,000  Preferred stock, $100 par, 12,000 shares outstanding     1,200,000  Retained earnings     2,400,000  Treasury stock, at cost, 5,400 shares     27,000         During 2021, Fascom Inc. had several transactions relating to common stock:     January 15:       Declared a property dividend of 100,000 shares of Slowdown Company (book value $10.4 per share, fair value $9.20 per share).  February 17:       Distributed the property dividend.  April 10:       A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. (Fascom chose to reduce Paid-in capital—excess of par.) The fair…

On August 31, 2019, Brown Corporation purchased 90% shares of Owen Company's common stock for $6,500,000 cash. On January 1, 2019, Owen Company had common stock of $4,500,000 and retained earnings of $1,800,000. The balance sheet information available for Owen Company on August 31, 2019, showed the following: Book Value Fair Value Inventory (FIFO) $1,300,000 $1,500,000 Equipment (net) 1,900,000 1,500,000 Land 3,000,000 3,000,000 The equipment had a remaining useful life of ten years. Owen Company reported $240,000 of net income in 2019 and declared $60,000 on December 1 of the year. Required: Prepare the workpaper entries on December 31, 2019 assuming the full equity method is used. :39

We Merged…Now What?Earlier this month, your company, a running equipment designer andmanufacturer called Runners Paradise, merged with a smallerclothing design company called ActiveLeak. Your company initiatedthe buyout because of the excellent design team at ActiveLeak andtheir brand recognition, specifically for their MP3-integrated runningshorts. Runners Paradise has thirty-five employees and ActiveLeakhas ten employees. At ActiveLeak, the owner, who often was too busydoing other tasks, handled the HRM roles. As a result, ActiveLeak hasno strategic plan, and you are wondering if you should develop astrategic plan, given this change. Here are the things you haveaccomplished so far:• Reviewed compensation and adjusted salaries for the sake offairness. Communicated this to all affected employees.• Developed job requirements for current and new jobs.• Had each old and new employee fill out a skills inventory Exceldocument, which has been merged into a database.From this point, you are…

Show your solution in good accounting form On July 1, 2021, after recording interest and amortization, BLUE Company converted ₱5,000,000 of its 12% convertible bonds into 50,000 shares of ₱10 par value ordinary share. On the conversion date, the carrying amount of the bonds was ₱6,000,000, the market value of the bonds was ₱6,500,000, and BLUE's ordinary shares were publicly trading at ₱150 per share. BLUE incurred ₱200,000 in connection with the conversion. What amount of additional share premium should BLUE record as a result of the conversion?    a. ₱ 6,000,000 b. ₱ 5,800,000 c. ₱ 5,300,000 d. ₱ 5,500,000

Discuss the liabilities of a partner in a partnership.  What is your opinion on these liabilities?

1. Exempt from the registration requirement of the Securities Act of 1933 are offerings of securities  a. made to a small number of knowledgeable investors.     b. issued by for-profit organizations.  c. involving a large dollar amount. d. only for large organizations that are for-profit.    2.  Global Investments is a foreign investor. With respect to the operations of a limited liability company in the United States, Global can a.not become a member but can participate.        b. become a member and participate.c. not become a member or participate. d. Become a member but cannot otherwise participate.      3. Quorum requirements include _________ a. number of decision-makers that must be present before business can be conducted. b. how often decision-makers must meet each year.  c. maximum number of shareholders allowed in for-profit companies.  d. all other answer choices   4. Fiduciary duties of the directors and officers include a.duty of care  b. duty of loyalty  c.…

The X Corporation manufactures machine tools. The five directors of X Corporation are Black, White, Brown, Green, and Crimson. At a duly called meeting of the board of directors of X Corporation in January, all five directors were present. A contract for the purchase of $10 million worth of steel from the D Company, of which Black, White, and Brown are directors, was discussed and approved by a unanimous vote. The board also discussed at length entering into negotiations for the purchase of Q Corporation, which allegedly was about to be sold for around $150 million. By a three-to-two vote, it was decided not to open such negotiations.Three months later, Green purchased Q Corporation for $150 million. Shortly thereafter, a new board of directors for X Corporation took office. X Corporation now brings actions to rescind its contract with D Company and to compel Green to assign to X Corporation his contract for the purchase of Q Corporation. Explain whether X corporation should succeed on…

Discuss the legal responsibilities and liabilities of directors and officers in a corporation. What fiduciary duties do they owe to the company and its shareholders? What are the potential legal consequences for breaching these duties?