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

---

Definitions:

Incremental Borrowing Rate

The interest rate a company would have to pay if it borrows funds, often used in lease agreements to calculate lease liabilities.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific moment in time, showing assets, liabilities, and equity.

Building

Refers to a physical structure considered a fixed asset on a company's balance sheet, used in operations or investment.

Incremental Borrowing Rate

The interest rate a company would have to pay if it borrows additional funds.