CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
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Income: Total Assets: Market Value: 5‚663‚995.1 1 550‚868.5 8‚468‚108.4 2 6‚527‚507.3 (25-Jan-2013) www.lgcorp.com Business Description LG Corp. is a Korea-based holding company engaged in the management of its subsidiaries. As of December 31‚ 2011‚ the Company had 15 subsidiaries‚ including LG Electronics Inc.‚ engaged in manufacturing of consumer electronic products; LG Chem Ltd‚ engaged in manufacturing of petrochemical products; LG CNS Co.‚ Ltd.‚ engaged in the software development and information
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the pharmaceutical industry. Elizabeth has worked for GPC over 12 years and is on her way to visit a French subsidiary plant for a week to study a problem with shelf life testing of one of its newest anti-allergy capsules. The product’s active ingredient seems too degraded faster than the expiration date. She has prepared for herself with the upcoming meeting with the French subsidiary to figure out the problems. As a key manager‚ Elizabeth has visit various offices and know the importance of
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Harnischfeger Corporation‚ a large New York Stock Exchange company‚ faced a financial crisis in 1982. New management was appointed to turn the company around and as part of its restructuring strategy‚ the new management team made a number of financial reporting policy changes and accounting estimates in fiscal year 1984. Listed below are all of the changes and analysis on whether they might be real earnings management activities. In addition‚ the effect of these changes on the company’s revenue‚
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The Yamaha Corporation - SWOT Analysis company profile is the essential source for top-level company data and information. Yamaha Corporation - SWOT Analysis examines the company’s key business structure and operations‚ history and products‚ and provides summary analysis of its key revenue lines and strategy. Yamaha Corporation (Yamaha) is a Japan based company and a leading manufacturer of musical instruments‚ electronic products‚ computer/network-related products and a range of other products
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Behind the Wheel I slid into the cream pleather bucket seat‚ strapped the old black seatbelt across my chest‚ adjusted the mirrors‚ put one of the two keys for the vehicle into the ignition‚ stepped on the clutch‚ turned the key and felt the rumble and shake of the snorting engine. I set the CD face plate in its niche and tuned to my favorite station. I gazed over at my dad thinking‚ “I did it! I had purchased my car on my own!” I could barely hear my thoughts over the sound of the engine‚ but my
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CASE STUDY CASE OVERVIEW Company Background EEI Corporation was one of the oldest construction companies in the Philippines who is engaged in the business of building industrial plant facilities‚ installing equipments‚ providing replacements parts and supplies‚ and providing specialized engineering services to industrial companies in the Philippines and overseas‚ principally in Middle East. Highlights of Operations EEI Corporation struggled in mid 1980s where they faced financial difficulties
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Behind the Wheel Learning to drive can be nerve wrecking for people. It is a craze and a basic necessity in the busy life of today. People want to learn how to drive for many reasons‚ but learning how to drive is a long process. Learning to drive takes patience‚ alertness‚ and confidence. Patience is the art to driving. If a person does not have much patience‚ then learning to drive can be really difficult. Drives must not rush to where they want to go. Being in a hurry increases the chances of
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Written Analysis of the Case –WAC Benguet Corporation 1. Statement of the problem The Benguet Corporation refused to submit concentrate samples to the Philippine Associated Smelters and Refining Corporation (PASAR). The Benguet Corporation faces shortage in producing their products and complying its contract to Mitsubishi Metal Corporation and complying the LOI. 2. Analysis of the case Strengths The Benguet Corporation is the major producer of copper concentrates. It was the oldest
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Chrissi Walker 7/18/2010 Story/Poem Paper Behind “The Tub” Amy Hempel‚ is an incredible writer. She writes with a certain poetry feel behind every word‚ every line and every page. She’s an author that makes you fall in love‚ which is why I chose one of her stories from her book The Collected Stories that’s called “The Tub”. The story leaves you a bit confused when you read it for the first time. I reacted differently to it the third time around then I did the first time. The first time I
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