When a merger increases concentration, a defense that shows that the firms' customers are sophisticated, large buyers that will not be taken advantage of by a bigger merged firm is:
a. the failing firm defense
b. potential competitor defense c. power-buyer defense
d. directorate defense
e. no such defense is recognized
c
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The future value ordinary annuity factor is used to calculate the future value of the premiums when the interest-adjusted methods are employed.
a. true b. false
On January 1, 2012, Duke Company negotiated an agreement to modify the terms of a $500,000 note with $38,000 of accrued interest. Payments of $25,000 cash will be made each quarter end up to and including June 30, 2016 . Which of the following is true about this troubled debt restructuring? a. The $25,000 payments will include principal and interest
b. A gain of $88,000 will be recognized. c. The present value of the payments must be calculated to determine if there is a gain or loss. d. None of the above is true.