In Supply Chain Assocs

question 45

Multiple Choice

In Supply Chain Assocs. ,LLC v.ACT Elecs. ,Inc. ,the case in the text,which of the following was not a factor the court considered when it determined that the corporate veil should not be pierced?

• A)Although Sun Act was a controlling shareholder of ACT,it did not own all of its stock.
• B)Sun Act acted fraudulently in its business with ACT.
• C)Sun Act supplied ACT with some operating funds.
• D)Separate corporate boundaries were maintained.

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Definitions:

Actuarial Assumptions

Estimates used to calculate the present and future financial obligations of pension plans and insurance policies, often involving life expectancy and interest rates.

Present Values

The current value of a future amount of money or stream of cash flows, discounted at a particular rate of interest.

Expense Accruals

The recording of expenses that have been incurred but not yet paid, ensuring that expenses are matched with the revenues they helped generate in the same period.

Projected Benefit Obligation

A financial measurement that estimates the total amount of benefits an employer is expected to pay out to participants in a defined benefit plan.