CORPORATION LAW INTRODUCTION Definition and attributes of a corporation A corporation is an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence. A corporation‚ being a creature of law‚ "owes its life to the state‚ its birth being purely dependent on its will‚" it is "a creature without any existence until it has received the imprimatur of the state acting
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Adelphia Communications Corporation Adelphia Communications Corporation was one of the largest cable and internet providers in America prior to its declaration of bankruptcy in 2002 due to internal corruption. The executive officers of Adelphia inflated the stock price of the company by falsifying their financial records as well as funneling their debts into other smaller firms so that the large amounts of debt did not show on their financial reports. This lead investors to believe the company
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GLOBALIZATION AND TRANSNATIONAL CORPORATIONS Economic integration as a hallmark of globalization • FDI increase • Increase of international currency transactions • Growth of marginal courtiers Global blessing or contagious disease? • Asian crisis Capitalism not yet fully globalized? • Core of the economy –30 countries: Asian Pacific‚ Western Europe‚ North America • Geopolitical changes: Soviet Union demise • Unequal development of technology
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for forming CCS as a C corporation‚ S corporation‚ LLC‚ or partnership. Explain your reasoning for your choice of entity‚ identify any issues that you may still be concerned about‚ and suggest recommendations for dealing with the concerns. Chapter 19 Problem 39 (LO2) Zhang incorporated her sole proprietorship by transferring inventory‚ a building‚ and land to the corporation in return for 100 percent of the corporation’s stock. The property transferred to the corporation had the following fair
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HISTORY OF WHIRLPOOL CORPORATION Founded 1911 Headquarters Benton Harbor‚ Michigan‚ USA Key people Jeff M. Fettig‚ (Chairman & CEO) Michael A. Todman‚ (President‚ Whirlpool North America) Paulo F.M.O. Periquito‚ (President‚ Whirlpool International) Industry Major appliances‚ Small appliances Products Clothes washers and dryers‚ refrigerators‚ freezers‚ dishwashers‚ ranges‚ compactors‚ room air conditioners‚ microwaves ovens‚ counter top appliances. Revenue ▲ USD 18
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and trust in business. Describe the role of finance in business. Distinguish between the different legal forms of business. Explain what has led to the era of the multinational corporation. Slide Contents 1. The Goal of the Firm 2. Legal Forms of Business Organization 3. Role of Financial Manager in a Corporation 4. Income Taxation 5. Ten Principles of Finance 6. Finance and Multinational Firm 1. The Goal of the Firm The goal of the firm is to create value for the firm’s legal owners
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FOOD CORPORATION OF INDIA ISO 9001:2000 CERTIFIED An opportunity to be part of the organization which plays a key role in providing food security to the nation The Food Corporation of India‚ one of the largest Public Sector Undertakings‚ dealing with Foodgrain supply-chain management wishes to recruit Officers for manning Category I posts. Online applications are invited from Indian Nationals who fulfil the prescribed qualifications‚ experience and age etc. for the posts indicated below:- PROJECTED
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1. On 1st Jan’ 1988 Megha corporation issued eight percent 50‚ 00‚000 bonds of Rs 100 each at Rs 103. Issue cost was 0.5% of the amount raised. On 1st Jan 2008‚ Five years before its maturity the firm wanted to call the bonds at Rs 108. The corporation spent Rs 80‚000 on reacquisition of bonds. What accounting entries would be passed in the books of Megha Corporation? 2. On 1st January 2009 Shweta corporation purchased 10‚00‚000 of its fully paid shares at Rs 22 per share. On 20th January 2009
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Regis Corporation Implementation Plan Kimberly Regis Corporation Implementation Plan The Regis Corporation has gone through a shake up within the last three years in regards to their top senior management and also sold one of their top brands to adjust to the current market conditions. “Regis also announced today a corporate organization restructuring that will improve the Company’s ability to adapt to the dynamic marketplace and the current economy” (Behind The Chair‚ 2011‚ para. 4)
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Which Canadian Crown Corporation should be privatized? Crown Corporations are government-owned entities (Stastna‚ Kazi.). An example includes the Liquor Control Board of Ontario (LCBO). LCBO stores are the only stores‚ in Ontario‚ allowed to distribute liquor and other distilled beverages; therefore‚ LCBO is a monopoly ("Beverage Alcohol Service Review: A Matter of Balance"). The main purpose of this regulation is to limit the consumption of such products in Ontario – for better health ("Beverage
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