Jack started his business in the year 2000. Due to lack of planning and bad cash flow, Jack files for bankruptcy and the business ceases to exist. This is a form of:

Regarding the use of a spreadsheet for the preparation of the statement pf cash flows, which of the following statements is true?

A) The T-account approach works well for all companies. B) The statement of cash flows cannot be prepared directly from the spreadsheet because additional information is needed. C) The spreadsheet is needed when companies face complex situations. D) The spreadsheet can only be used if the indirect method for operating activities is also used.

Merrick and Stanley Corporation has 28,000 outstanding shares. During a proposal for a merger, the shareholders decide to increase the quorum of the vote of shareholders to 75 percent using the supramajority voting rule

How many minimum affirmative votes are needed to pass the supramajority voting requirement? A) 14,001 B) 21,280 C) 21,000 D) 28,000