Which one of the following is a company's stakeholder?

If the reorganization value of a company emerging from bankruptcy is larger than the fair values that can be assigned to specific assets, what accounting is made of the difference?

A. Because of conservatism, the difference is simply ignored. B. The difference is recorded as an expense immediately. C. The difference is capitalized as goodwill. D. The difference is recorded as a professional fee.

Tax havens are characterized by all of the following except ________

A) legal means to reduce corporate income taxes B) encompass some government restrictions C) supported by World Bank and the EU D) used to establish operations or funnel transactions