D the state only answer c page 827 type nat aacsb

d.
the state only.
ANSWER: C
PAGE: 827
TYPE:
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NAT: AACSB Reflective
AICPA Legal
B18. Ruff Games, Inc., wishes to acquire a controlling interest in Smart Toy Company by buying its stock. A public offer by Ru
a.
a buyout notice.
b.
a golden parachute.
c.
an acquisition call.
d.
a tender offer.
ANSWER: D
PAGE: 824
TYPE:
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NAT: AACSB Reflective
AICPA Legal
Fact Pattern 40-3A (Questions A19-A20 apply)
Atlantic Corporation¡¯s articles of incorporation prohibit a sale of its assets without a vote of the board of directors. Atlantic¡¯s
TEST BANK A¡ªUNIT EIGHT: BUSINESS ORGANIZATIONS
A19. Refer to Fact Pattern 40-3A. The appropriate remedy is most likely
a.
a sale of the rest of Atlantic¡¯s assets to its directors and
shareholders.

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b.
Atlantic¡¯s consolidation or merger with Pacific.
c.
Atlantic¡¯s dissolution.
d.
payment of damages to Atlantic¡¯s officers.
ANSWER: C
PAGE: 828
TYPE:
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NAT: AACSB Reflective
AICPA Legal
CHAPTER 40: CORPORATIONS¡ªMERGER, CONSOLIDATION, & TERMINATION
Fact Pattern 40-2B (Questions B19¨CB20 apply)
Mega Corporation wants to gain control of MiniCo, Inc. The companies negotiate for several months, without coming to terms.
B19. Refer to Fact Pattern 40-2B. MiniCo issues shares that its shareholders can exchange for cash if a takeover is successfu
a.
crown jewel defense.
b.
Pac-Man defense.
c.
poison pill defense.
d.
white knight defense.
ANSWER: C
PAGE: 824
TYPE:
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NAT: AACSB Reflective
AICPA Research
Fact Pattern 40-3A (Questions A19-A20 apply)
Atlantic Corporation¡¯s articles of incorporation prohibit a sale of its assets without a vote of the board of directors. Atlantic¡¯s
A20. Refer to Fact Pattern 40-3A. With respect to Atlantic¡¯s shareholders,
this conduct is most likely
a.
not oppressive because it is undertaken by Atlantic¡¯s officers.
b.
oppressive because Atlantic¡¯s directors may be personally
liable.
c.
oppressive because Atlantic¡¯s shareholders may be personally
liable.
d.
oppressive because it departs from the standards of fair
dealing.
ANSWER: D
PAGE: 828
TYPE:

Sheet1
Page 21
=
NAT: AACSB Reflective
AICPA Legal
Fact Pattern 40-2B (Questions B19¨CB20 apply)
Mega Corporation wants to gain control of MiniCo, Inc. The companies negotiate for several months, without coming to terms.
TEST BANK A¡ªUNIT EIGHT: BUSINESS ORGANIZATIONS
B20. Refer to Fact Pattern 40-2B. MiniCo solicits a merger with NuNation Corporation, a third party, which makes a better offe
a.
crown jewel.
b.
Pac-Man.
c.
poison pill.
d.
white knight.
ANSWER: D
PAGE: 825