Examlex
For each of the following investments state what type of investment it is and how it would likely be accounted for.
A) Own 28,000 of 50,000 voting shares of a private company.
B) Bought 15,000 of 50,000 voting shares of a private company from a disgruntled partner.One person owns all the remaining shares.To date have been unable to get any representation on the board of directors.
C) Own 1,000 shares of the Toronto Dominion Bank, a large public company.Because they have a good record for dividend payments, management intends to hold the shares for a long time.
D) Own 5,000 of a public company as part of an investment portfolio managed to earn income.E) Own 33% of the shares of a private company with two other equal partners.
F) Own 20% of the shares but control 80% of the votes of a large public company.
Inherent Inequalities
Refers to disparities or unequal conditions that are naturally or intrinsically part of a certain system or society.
Ambiguous
This refers to something that is open to more than one interpretation or has a double meaning, making it unclear or uncertain.
Irreconcilable Differences
A term often used in divorce law to indicate that a couple cannot resolve their disagreements and thus cannot remain married.
Divorce Act
Legislation that regulates the legal process of ending a marriage, including the division of property, custody of children, and financial support.
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