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Ajax CorpHas a Subsidiary,Ajax TV Products,which Makes Cable Television Converter Boxes

question 35

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Ajax Corp.has a subsidiary,Ajax TV Products,which makes cable television converter boxes.This division has provided the parent company with a steady revenue stream for over thirty years and it is expected to continue its contribution to revenue even in future.Ajax TV Products most likely would be classified as a ____________.


Definitions:

Transfer Of Assets

The act of moving ownership of assets from one party to another, which could involve property, financial instruments, or other resources.

In Pari Delicto

In equal fault. A contract relationship when both parties to an illegal agreement are equally wrong, in the knowledge of the operation and effect of their contract.

Premeditation

The act of planning or considering something, especially a crime, beforehand.

Statutory Period

A time frame defined by law during which certain actions can be taken, such as the filing of lawsuits or the enforcement of rights.

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