In Order for a Proxy to Become Valid,the Shareholder Must

question 53

Multiple Choice

In order for a proxy to become valid,the shareholder must:

• A) complete a written proxy document and file it with the SEC
• B) complete a written proxy document,file it with the SEC,and receive the appropriate approval from the SEC
• C) complete a written proxy document and deliver it to the proxy holder
• D) complete a written proxy document and deliver it to the corporation
• E) reach agreement with the proxy holder,but no written documentation is required

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Definitions:

Salaries

Fixed regular payments made by employers to employees, typically expressed as an annual sum and paid in monthly or biweekly intervals.

Net Income

The total earnings of a company after deducting all expenses, taxes, and costs from its total revenues.

Income and Losses

The total revenues gained minus the expenses and losses incurred by a business over a period, determining net profit or loss.

Accumulated Depreciation

The total amount of depreciation expense that has been charged against a fixed asset since it was acquired, reflecting its loss of value over time.