Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Inkilwas Corporation has 30,000 outstanding shares. A shareholders' meeting is duly called to amend the articles of incorporation, and 17,501 shares are represented at the

Inkilwas Corporation has 30,000 outstanding shares. A shareholders' meeting is duly called to amend the articles of incorporation, and 17,501 shares are represented at the meeting. If an Inkilwas Corporation amendment for its articles of incorporation is put to vote at this meeting, which of the following statements is true with respect to the passing of the amendment? A. The amendment would be passed only if all 17,501 votes approve. B. The amendment would be passed if 4,376 votes approve. C. The amendment would not be passed as all 30,000 votes have to be represente D. The amendment would be passed if 8,751 votes approve.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Mathematical Finance Discrete Time Models

Authors: Stanley R. Pliska

1st Edition

1557869456, 9781557869456

More Books

Students also viewed these Finance questions