AICPA BEC

AICPA CPA Business Environment and Concepts 認定 BEC 試験問題:

1. Under the Revised Model Business Corporation Act, which of the following actions by a corporation would
entitle a stockholder to dissent from the action and obtain payment of the fair value of his/her shares?
I. An amendment to the articles of incorporation that materially and adversely affects rights in respect of a
dissenter's shares because it alters or abolishes a preferential right of the shares.
II. Consummation of a plan of share exchange to which the corporation is a party as the corporation
whose shares will be acquired, if the stockholder is entitled to vote on the plan.

A) Both I and II.
B) I only.
C) II only.
D) Neither I nor II.

2. On dissolution of a general partnership, distributions will be made on account of:
I. Partners' capital accounts.
II. Amounts owed partners with respect to profits.
III. Amounts owed partners for loans to the partnership.
In the following order:

A) I, II, and III.
B) III, II, and I.
C) III, I, and II.
D) II, III, and I.

3. Sylvan Corporation has the following capital structure:

The financial leverage of Sylvan Corp. would increase as a result of:

A) Issuing common stock and using the proceeds to retire debenture bonds.
B) Financing its future investments with a higher percentage of equity funds.
C) Financing its future investments with a higher percentage of bonds.
D) Issuing common stock and using the proceeds to retire preferred stock.

4. Harry, Betty, and Jim decide to form a hair salon business. Betty and Jim agree to equally manage the
business and have agreed to accept full personal liability for obligations of the business. Harry contributes
money to help them get started. Harry does not want any personal liability but does want access to the
books and records and to share in the profits. They have all agreed that unanimous consent is needed to
transfer their ownership interests. Assume any necessary filings have been made.
What type of business entity best reflects the terms of their agreement?
The three have formed:

A) A limited liability company.
B) A corporation.
C) A limited partnership.
D) A general partnership.

5. When applying value chain analysis, a firm sends its production manager to visit the operations of its
major supplier in an attempt to determine if there are cost-savings capabilities that could be implemented
at the supplier's warehouse. The firm is performing which form of value chain analysis?

A) Internal costs analysis.
B) Internal differentiation analysis.
C) Vertical linkage analysis.
D) None of the above.

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