Mark-To-Market Is the Balance Sheet Valuation Standard For

question 134

Multiple Choice

Mark-to-market is the balance sheet valuation standard for:

• A) Investments in all financial assets.
• B) Investments in available-for-sale marketable securities.
• C) Investments in capital stock of any corporation.
• D) Stockholders' equity of any publicly traded corporation.

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Definitions:

Share Split

Traditionally, a corporation’s dividing existing shares into two or more shares, thereby increasing the number of authorized, issued, and outstanding shares and reducing their par value. In modern corporation law, treated like a share dividend. Also called stock split.

Total Fairness Test

A legal standard used to evaluate the overall fairness and equity of a corporate action or decision, especially in mergers and acquisitions.

Straight Voting

A form of voting for directors that ordinarily permits a shareholder to cast a number of votes equal to the number of shares he or she owns for as many nominees as there are directors to be elected. See also cumulative voting.

GATT

The General Agreement on Tariffs and Trade, a legal agreement between many countries aimed at promoting international trade by reducing or eliminating trade barriers such as tariffs or quotas.