Business, 16.10.2019 00:20 zachtheskier3896
What are some reasons for redeeming stock? (select all that apply.)a. a shareholder may have debt owed to the corporation and the stock redemption would cancel the debt. b.a shareholder may be required to sell stock to the corporation under the terms of a stock purchase agreement with the issuing corporation. c.after the death of a major shareholder, a corporation may be forced to redeem a certain percentage of the decedent's stock from either the estate or a beneficiary to provide sufficient funds to pay estate and inheritance taxes and funeral and administrative expenses. d.a shareholder may want to withdraw from the corporate business and sell his or her equity interest.
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The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300
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What are some reasons for redeeming stock? (select all that apply.)a. a shareholder may have debt o...
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