subject
Business, 21.04.2020 23:22 aallyssabrown0120

In 1999, Franklin Johnson, a corporate tax guru, became a shareholder in FurtCorp, Inc., when he purchased 1,000 shares of its stock. Two years ago, FurtCorp purchased $75 million in THB, Inc., stock. Due to changes in the market, the value of the stock has since dropped to $25 million. Franklin recently learned that FurtCorp's Board of Director's has decided to distribute its shares of THB stock to shareholders in the form of a dividend. After carefully analyzing the decision, Franklin has determined that FurtCorp would gain a much larger benefit by taking the depreciation in capital as a tax write-off. Franklin presented his findings to the CEO of FurtCorp, and a special meeting was set before the Board. The Board reviewed, but ultimately rejected, Franklin's proposal and moved forward with the distribution of the dividends. Now, Franklin is threatening to sue FurtCorp's board. How should the Board respond

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 03:50
John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:
Answers: 1
question
Business, 22.06.2019 12:30
True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
Answers: 1
question
Business, 22.06.2019 18:30
You should typically prepare at least questions for the people who will host you during a job shadow. a. 3 b. 4 c. 5 d. 2
Answers: 1
question
Business, 22.06.2019 21:00
Noah met an old friend at a coffee shop. he jotted down the friend's new phone number, but later that afternoon he could not find it or remember what he had done with it. a couple of days later, noah went back to the coffee shop, and while waiting in line, he suddenly remembered where he had put the phone number. this is an example of:
Answers: 1
You know the right answer?
In 1999, Franklin Johnson, a corporate tax guru, became a shareholder in FurtCorp, Inc., when he pur...
Questions
question
Mathematics, 09.04.2020 20:14
question
Mathematics, 09.04.2020 20:15
question
Mathematics, 09.04.2020 20:15
Questions on the website: 13722359