The 1990 Remedies Act allows the federal courts to bar anyone who has violated the fraud provisions of the federal securities laws from ever serving as an officer or director of a publicly held firm

Target company T has a book value equal to $100mm and has outstanding debt. Acquirer A uses cash from its balance sheet and borrows funds to pay $125mm for all of T's shares. This creates Goodwill on A's balance sheet equal to:

a) $100mm b) $25mm c) $125mm d) Depends on how much of T's debt A assumed e) Depends on the excess of A's market value over its book value prior to the acquisition

Downstream marketing channel partners, such as wholesalers and retailers, form a vital link between the firm and its customers

Indicate whether the statement is true or false