Attorneys for Tigre Corp

question 15

True/False

Attorneys for Tigre Corp. and Swindal Co. are entering a structured settlement process whereby they conduct limited discovery and then present evidence to a panel of managers from each company as well as to a neutral retired judge. They are involved in an alternative dispute resolution technique known as a mini-trial.

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Definitions:

Lower Taxes

Reductions in the amount of tax imposed by a governmental authority.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting its liquidity.

Financial Lease

A financial lease is a lease in which the lessee has substantially all the risks and rewards incidental to ownership of the leased asset, often with an option to purchase the asset at the end of the lease term.

Capital Lease

A lease classified as a purchase by the lessee, obligating them to record the leased asset as an owned asset in their financial statements.