Under most circumstances, backdating is seen as fraudulent and illegal, although there are some situations in which backdating can be used in a legal and beneficial way, such as backdating a claim for a past period.
Sometimes certain claims (such as insurance claims) can be backdated if the could not be completed at an earlier date, although there must be good reason for neglecting to claim in advance.
A) Single taxation B) Ease of setup C) Limited liability D) No separation of ownership and control 6) Which of the following statements regarding limited partnerships is TRUE?
A) There is no limit on a limited partner’s liability.
We also appreciate the comments of Alan Jagolinzer, Thomas Lys, and Hayagreeva Rao.
Corporate governance has become a well-discussed and controversial topic in both the popular and business press. However, he was ordered to pay .9 billion in a civil suit and, separately, was sentenced to seven years in prison for bribing a former Alabama governor.
A) “S” corporation B) Limited partnership C) Sole proprietorship D) “C” corporation 5) Which of the following is NOT an advantage of a sole proprietorship?
Corporate Finance, 3e (Berk/De Marzo) Chapter 1 The Corporation 1.1 The Four Types of Firms 1) A sole proprietorship is owned by: A) one person. A) “S” corporation B) Limited partnership C) “C” corporation D) Limited liability company 4) Which of the following organization forms accounts for the greatest number of firms?
A) Limited partnership B) “C” corporation C) “S” corporation D) Limited liability company 3) Which of the following organization forms accounts for the most revenue?
The revelation that scores of firms engaged in the illegal manipulation of stock options' grant dates (i.e. The evidence indicates that the consequences stemming from management misconduct and misrepresentation are of first-order importance in this context as shareholders of firms accused of backdating experience large negative, statistically significant abnormal returns.
Furthermore, shareholders' losses are directly related to firms' likely culpability and the magnitude of the resulting restatements, despite the limited cash flow implications.