Ask Question
BusinessBusiness
30 April, 14:57

Parent corporation owns all of subsidiary corporations stock in addition parent corporation owns $100,000 of subsidiary corporation's bonds. When subsidiary corporation is completely liquidated

+4
Answers (1)
  1. 30 April, 18:38
    0
    In this case, when the subsidiary corporation is completely liquidated they have to pay the $100,000 in the subsidiary corporation's bonds.

    Explanation:

    The reason behind this answer is that in case the subsidiary corporations decide to liquidate all of their assets in any case. They still have a debt to the parent corporation of $100,000. So, after they liquidate they have to take some of the money to pay the debt issued of those bonds. No matter what, or the parent company can write a lawsuit against them for not doing so.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Parent corporation owns all of subsidiary corporations stock in addition parent corporation owns $100,000 of subsidiary corporation's ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
One year ago, you purchased a stock at a price of $19 a share. You recently received an annual dividend of $1.2 a share. Today, you sold the stock for $17 a share. What is your dividend yield on this investment?
Answers (1)
Which type of business is best for Juanita to start? A corporation, because she needs a large investment to get started a sole proprietorship, because she will work alone from home a franchise, because many others will want to start the same
Answers (2)
Two examples of a management information system (choose 2) a. enterprise resource planning b. enterprise resource management c. enterprise resource system d. logistics management e. supply demand management f. supply chain management
Answers (1)
Percy's gpa is 2.5, so he should list it on his resume
Answers (1)
Consider the following scenario: The price of a gallon of gas at a SwellGas station in the center of a densely populated suburban area is $3.
Answers (1)
New Questions in Business
Anyone know these key words? When consumers keep buying the same brand again and again instead of choosing a competitor's brand. The buying and selling of goods and services using computer systems linked to the internet.
Answers (1)
The three main luxury hotels in a major tourist destination keep very close track of their competitors' room pricing, restaurant offerings, tour packages, and special services, such as airport transportation and spa privileges.
Answers (1)
Rayya Co. purchases and installs a machine on January 1, 2018, at a total cost of $151,200. Straight-line depreciation is taken each year for four years assuming a eight-year life and no salvage value.
Answers (1)
Earned value is: Group of answer choices The real budgeted value of the work that has actually been performed to date. The total budget for the project. A cost estimate of the budgeted resources across the project's life cycle.
Answers (1)
Which type of training would be considered vocational training? O training to learn a new hobby O training to prepare for a career O training to improve one's health training to improve relationships
Answers (1)
Home » Business » Parent corporation owns all of subsidiary corporations stock in addition parent corporation owns $100,000 of subsidiary corporation's bonds. When subsidiary corporation is completely liquidated
Sign Up Forgot Password?