+1-415-670-9189
info@expertsmind.com
Shareholder of a company
Course:- Financial Accounting
Reference No.:- EM13256




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Financial Accounting

Task 1:

1. Wal-Mart has had various stock splits. Its stock price is hovering around $50 per share. Berkshire Hathaway, led by Warren Buffet, does not split its stock. Its price has been near $100,000 per share. What are reasons why Wal-Mart would split its stock and Berkshire Hathaway chooses not to do so?

2. Roland Astute, a shareholder of Steamroller Corporation, uncovered evidence that, in his opinion, showed that the corporation's treasurer was embezzling corporate funds.  Uncertain of whether the corporation's board of directors would agree with his assessment of what the evidence showed, Astute did not discuss the matter with the board or with other shareholders.  After conferring with his attorney, Astute filed a derivative suit against the treasurer, in an attempt to recover for the losses the treasurer's actions had caused the corporation to experience.  Under the circumstances, is Astute's derivative suit properly before the court?  Explain.

3. Illustrate the ways that a person can become a shareholder of a company.

4. Nancy owns shares in ExxonMobil. Explain the MBCA requirements of notice concerning shareholder meetings.

5. Why do you think that Delaware's corporation laws now permit remote communication? What are the needs for a remote participation meeting?

Task -2 (Case Problem)

John R. Dyer owns approximately 6 percent of the stock in the Indium Corporation. All of the remaining outstanding shares are owned by the corporation's chief executive officer and chair of its board of directors. Suspecting that the corporation was improperly retaining income otherwise payable to him, Dyer sought to inspect its records and books . He was provided the minutes of its share-holders and board of directors meetings, but otherwise rebuffed in his requests for records. Instead, the chief executive officer provided to purchase Dyer's shares. Dyer sued, demanding inspection of the records that his accountant deemed necessary in order to evaluate the value of his shares. Should Dyer be given a right to inspect the corporate records? Explain.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Financial Accounting) Materials
Eaton, Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $360,000 loss in the year of disposal. The loss on disposal of the seg
Brian Snow and Wendy Waite formed a partnership on July 1, 2007. Brian invested $20,000 cash, inventory valued at $15,000, and equipment valued at $67,000. Prepare journal ent
Hasbro is one of the world's leading toy manufacturers and maker of such popular board games as Monopoly, Scrabble, and Clue, among others. Listed here are selected aggregate
Judith Thompson is the manager of the student center cafeteria. She is introducing pizza as a menu item. The pizza is ordered frozen from a local pizza establishment and baked
What are the cash collections budgeted for June? What are the budgeted cash payments in June for inventory purchases? What is the balance of accounts payable on the Ju
On January 1, 2017, Sweet Corporation sold a building that cost $257,510 and that had accumulated depreciation of $102,150 on the date of sale. Sweet received as consideration
which is not consolidated by PGW for U.S. tax purposes, had net income of $31 million TSI, which is consolidated for U.S. tax purposes, had a loss of $16 million. Find the i
The City of Ridgetown received a gift of $3,000,000 from a local resident on April 1, 2012 and signed an agreement that the funds would be invested on a permanent basis and th