A spin-off is a
a. pro-rata distribution of new equity claims on a subsidiary to the parent's shareholders.
b. sale of a division for cash to another firm.
c. tax-driven sale of depreciation rights to another firm.
d. sale of patent rights (e.g., for a pharmaceutical drug) to another firm.
A
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Recognizing a valuation allowance for a deferred tax asset requires that a company:
a. consider all positive and negative information in determining the need for a valuation allowance. b. consider only the positive information in determining the need for a valuation allowance. c. take an aggressive approach in its tax planning. d. pass a recognition threshold, after assuming that it will be audited by taxing authorities.
What safety stock should be held to put the expected shortage per cycle at 5 phones?
A) 418 phones B) 433 phones C) 462 phones D) 487 phones