You Own 100 Shares of XY Corporation

question 387

Multiple Choice

You own 100 shares of XY Corporation. There are several key items which will be voted on at the next board meeting. You are unable to physically attend the meeting but would like your votes cast
So your opinion counts. The procedure by which you can cast your votes without attending the
Meeting is called _____ voting.

• A) Straight
• B) Cumulative
• C) Distance
• D) Proxy
• E) Democratic

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its tangible and identifiable intangible assets.

Book Values

The value of an asset as it appears on a company's balance sheet, calculated as the cost of the asset minus any depreciation or amortization.

Fair Values

An estimate of the market value of an asset or liability, based on current prices in an active market.

Acquired Entity

A company that has been purchased or taken over by another entity.