Joe owns 1,800 shares of Bird Corporation stock at a time when Bird has 3,000 shares of

Fantastic news! We've Found the answer you've been seeking!

Question:

Joe owns 1,800 shares of Bird Corporation stock at a time when Bird has 3,000 shares of stock outstanding. The remaining shareholders are unrelated to Joe.

What is the minimum number of shares Bird must redeem from Joe so that the transaction will qualify as a disproportionate redemption?

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

See More Books

Posted Date: Apr 17, 2023 11:55 PM

See More Questions

This is a stocklist case arising under 220(b) of our [Delaware] General Corporation Law. The issue is whether a shareholder states a proper purpose for inspection under our statute in seeking to...
This is a stocklist case arising under 220(b) of our [Delaware] General Corporation Law. The issue is whether a shareholder states a proper purpose for inspection under our statute in seeking to...
This is a stocklist case arising under 220(b) of our [Delaware] General Corporation Law. The issue is whether a shareholder states a proper purpose for inspection under our statute in seeking to...
Consider an ideal dual-loop heat-powered refrigeration cycle using R-134a as the working fluid, as shown in Fig. P9.135. Saturated vapor at 200 F leaves the boiler and expands in the turbine to the...
Is it necessary for an asset to be acquired when revenue is recognized? Explain your answer.
Current assets and current liabilities for HQ Properties Company follow: a. Determine the working capital and current ratio for 20Y2 and 20Y1. b. Does the change in the current ratio from 20Y1 to...
Water flows over the sharp-crested weir shown in Fig. P10.86. The weir plate cross section consists of a semicircle and a rectangle. Plot a graph of the estimated flowrate, $Q$, as a function of...
1. In light of the foregoing payoffs, why did Airbus go ahead with the A380 Superjumbo even though its $10.7 billion development cost required as many as 250 planes to break even by 2010? 2. In 2004,...
Explain why a notable innovation through virtual reality (VR) and augmented reality (AR) technologies is so innovative in sport? Why should sports leaders cultivate a culture of openness and...
Reconstruct the following syllogistic forms and use the five rules for syllogisms to determine if they are valid from the Boolean standpoint, conditionally valid from the Aristotelian standpoint, or...
Question 14 (1 point) Saved Rob bought a store two years ago for $250,000. He leased it out at $4,000 a month. Now he is considering the option to cancel the lease and use the location as a...
We read about a number of different types of owners this week, including individual owners of trophy assets, entrepreneurs, lenders, private equity funds, foreign and sovereign funds, and of course,...
On 1/31/Y5, Zeus Company leased a new machine from Thor Corp. The following data relate to the lease transaction at its inception: Lease term 5 years Annual rental payable at beginning of each lease...
communications and its role in the organization continue to evolve over time. identify and discuss three major changes in organizations over the last 50 years that have resulted in an increased...
Create a concise summary of your project proposal. Making the road from a two-lane to four lanes to help with traffic and safety for a roadway expansion. Write A minimum of 150 words
You are vice president, international business development, for lines 'R Us, a manufacture of production equipment. there is a big demand for your equipment in china and you are looking to set up...
Oil prices have been on a run and have increased from $30 a barrel a year ago to $40 dollars six month ago to today's spot price being $60 a barrel. Henry's plastic company uses oil as to make...
Borrowing costs should be recognised as an expense and charged to the profit and loss account of the period in which they are incurred : A. If the borrowing costs relate to qualifying asset B. If the...
The Pyro Corporation has outstanding twenty thousand shares of common stock, of which nineteen thousand are owned by Peter B. Arson, five hundred shares are owned by Elizabeth Arson, his wife, and...
Paula instructed Alvin, her agent, to purchase a quantity of hides. Alvin ordered the hides from Ted in his own (Alvins) name and delivered the hides to Paula. Ted, learning later that Paula was the...
Identify the various types of business associations and explain the factors that are relevant to deciding which form to use.
Discuss each of the theoretical change models introduced in this chapter. How can we use them when planning an HRIS implementation to increase our chances of success?
The Grant Corporation is a financial services firm based in Chicago, Illinois. Its revenue exceeded $$1$ billion last year, producing a net income of $$530$ million. It has just over 1,000...
Analyze the main reasons for HRIS implementation failure. How can we prevent these from affecting us?

Joe owns 1,800 shares of Bird Corporation stock at a time when Bird has 3,000 shares of

Question:

Expert Answer:

To qualify as a disproportionate redemption the number of shares redeemed from Joe must exceed ... View the full answer

Smith and Roberson Business Law

Students also viewed these finance questions