Solved

At the Time Corporation a Was Created,the Management Was Concerned

question 3

Multiple Choice

At the time Corporation A was created,the management was concerned about potential hostile takeovers,so in the articles of incorporation it included a provision that all of Corporation A's contracts would expire if the ownership of Corporation A changed hands.This antitakeover technique is best described as:

Definitions:

Accrued Interest

Interest that has been incurred but not yet paid, accumulating on loans or bonds over time until payment is made.

Interest Receivable

The amount of interest that has been earned but not yet received in cash.

Total Proceeds

The total amount received from a transaction, including the sale of assets, securities, or other property, before any deductions or expenses.

Sale

The exchange of a good or service for money; a transaction between two parties where the buyer acquires ownership of the item.