Why Would a Court Consider an Accounting of Profits to Be

question 7

Multiple Choice

Why would a court consider an accounting of profits to be an appropriate remedy for breach of the corporate opportunity doctrine?

• A) It is the most obvious remedy available to the courts.
• B) It facilitates the return of something that belonged to the corporation.
• C) It is a readily available calculation to be made.
• D) It facilitates quick and effective punishment for white collar crimes.

---

Definitions:

Vendor Payment

Vendor payment refers to the process of paying suppliers or vendors for goods or services received by a business.

Journal Entries

Records of financial transactions in the accounting system, detailing the accounts and amounts affected by each transaction.

Reports Center

A dedicated area in accounting software where various types of financial reports can be generated, viewed, and analyzed.

Accountant & Taxes

Relates to the profession of accounting, focusing on managing financial records for tax preparation and compliance.