Compensation Paid to Top Management in the Event of a Takeover

question 52

Multiple Choice

Compensation paid to top management in the event of a takeover is called a:

• A)poison pill.
• B)golden parachute.
• C)self-tender.
• D)buyout.

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Definitions:

Net Income

The income a company retains following the subtraction of all costs and taxes from its total revenue.

Income Statement

A financial statement that shows a company’s revenues and expenses over a specific period, ending with net income or loss.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made, used to verify the balance of debits and credits.

Net Income

The total profit of a company after all revenues and gains are added to the account and all expenses and losses are subtracted.