Which of the Following Is NOT a General Criterion That

question 162

Multiple Choice

Which of the following is NOT a general criterion that must be met for a firm to be listed on the TSX?

• A) The firm must have a minimum number of shareholders owning at least 300 shares.
• B) The firm must have a minimum number of shares outstanding.
• C) The firm must have a market value of at least $4 million.
• D) The firm must have a minimum number of directors.
• E) The firm must have a minimum amount of assets.

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Definitions:

Straight-line Method

A method of calculating depreciation for an asset, spreading the cost evenly over its useful life.

Salvage Value

The calculated remaining value of an asset at the close of its productive life.

Depreciation Expense

An accounting method of allocated the cost of a tangible or physical asset over its useful life, representing how much of the asset's value has been used up.

Total Asset Turnover

A measure assessing the productivity of a company's assets in producing sales revenue.