Which of the Following Is True of Proxies

question 53

Multiple Choice

Which of the following is true of proxies?

• A)Proxies are not permitted to be submitted electronically.
• B)Proxies are signed by a corporation and sent to shareholders.
• C)Directors or officers of the corporation cannot hold proxies.
• D)Corporations are permitted to solicit proxies from shareholders.

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Definitions:

Book Value

The value of an asset as recorded on the balance sheet, calculated as the cost of the asset minus any depreciation.

Proportionate Book Value

The valuation of an entity's share in an investment, calculated based on the proportionate share of the invested entity’s book value.

Deferred Income Tax Asset

A balance sheet item that represents the difference between taxes already paid or accrued and the expected future tax payment, indicative of taxes that will be recovered in future periods.

Separate Income Tax Returns

Tax documents filed individually by entities or persons instead of jointly or as part of a consolidated group.