According to the case, ERISA's remedies for breach were limited. The full case can be found here -
http://www.wcsr.com/resources/pdfs/varity.pdf
A, B, and C are incorrect. The remedies were limited due to the plan.
Oak Corp Walnut Corp Zinnia Corp
James 100% 90%
Helm 80% 30%
Walnut 60%. a.
While in this case the Corp could not protect these species and other species that are endangered, some authority should and activities should be limited or abandoned where such species live.
306360 Dow Corning and the Silicone Breast Implant Controversy Please read the attached case study, then provide feedback on this question.
What are the ethical issues and principles involved in this case?
Hiding liabilities by using made-up corporations, as in this case, is very common.
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Equity Corp.
Equity Corp. paid a consultant to study the desirability of installing some new equipment. The consultant recently submitted the following analysis:
The corporate tax rate is 40%.
454074 Capital Budgeting Decisions: Equity Corp, Declining Market Inc, Clean Tooth and Flower City Grocery Capital Budgeting Decisions
Equity Corp. paid a consultant to study the desirability of installing some new equipment.
In whose favor should the court rule in this case, and why?
Q2: Alitech Corp. is a small midwestern business that owns a valuable patent. Alitech has approximately 1,000 shareholders with 100,000 authorized and outstanding shares.
Remember that dividends paid from C corp are double-taxed as they are not allowed as a deduction for the C corp. In this case, the C corp would have taxable income of 40,000 x 15% = $6000.
c.
Case 1
$15,000 is considered to be the dividend which is equal to the current E&P
Case 2
No portion of the distribution is considered dividend because the current E&P, which is a deficit, is much more than the accumulated E&P.