Professional Documents
Culture Documents
Assignment A
Case Study
Case Detail:
Canada based company PUDO announces that effective February 29, 2016 it has completed a vertical
short form amalgamation (the "Amalgamation") with its wholly-owned subsidiary My Courier Depot Inc.
("MCD") in order to reduce internal administration and financial reporting costs. Pursuant to the
Amalgamation, all of the issued and outstanding shares of MCD will be cancelled and the assets,
obligations and liabilities of MCD will be assumed by PUDO. No securities of PUDO will be issued in
connection with the Amalgamation and the share capital of PUDO will remain unchanged. The
Amalgamation will not have any significant effect on the business and operations of PUDO.
PUDO is the last mile delivery solution for parcel pick-up and drop-off services, ensuring reliable and
secure delivery where you want it, when you want it. Using easily-accessible PUDO Point™ locations
such as convenience stores, gas stations and grocery stores with extended hours, PUDO members,
participating e-commerce retail consumers, businesses and a home-based workforce can now pick-up
their parcels anytime, including evenings and weekends. PUDO eliminates the frustration of missed
deliveries and gives control over parcel pick-up and delivery back to its members. With user-friendly
technology, free membership and thousands of PUDO Point™ locations across Canada and the U.S.,
PUDO is changing the parcel delivery model in North America. PUDO was named one of the top 20 most
innovative public technology companies by the Canadian Innovation Exchange in 2015.
This press release contains forward-looking statements. The use of any of the words "anticipate",
"believe", "expect", "plan", "intend", "can", "will", "should", and similar expressions are intended to
identify forward-looking statements. The forward-looking statements contained herein are based on
certain key expectations and assumptions made by the Company, including but not limited to
expectations and assumptions concerning the receipt of required regulatory approval. Although the
Company believes that the expectations and assumptions on which the forward-looking statements are
based are reasonable, undue reliance should not be placed on the forward-looking statements because
the Company can give no assurance that they will prove to be correct. The forward-looking statements
contained in this press release are made as of the date hereof and the Company undertakes no
obligation to update publicly or revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise, unless so required by applicable securities laws.
Q1. What the case is all about? Provide the brief summary?
Q2. Why no securities of PUDO will be issued in connection with the Amalgamation and the share capital
of PUDO will remain unchanged. Comment?
Q3. What are your views about Press Release? How it looks as a forward-looking statement.
Assignment C
Q1 Claim against a DEBTOR for an uncollected amount, generally from a completed transaction of sales
or services rendered.
A. Suspense
B. Arrears
C. Accounts receivables
D. A/cs Payables
Q3 Funds used by a not-for-profit organization to account for all resources used for the development of
a land improvement are …… projects funds.
A. Capital
B. Non-accounted
C. Accounted
D. Miscellaneous
Q5 Brokerage firm account whose transactions are settled on a cash basis belongs to ………. Account.
A. Open
B. Cash
C. Current
D. Real
Q6 Recording and reporting of financial transactions, including the origination of the transaction, its
recognition, processing, and summarization in the final accounts.
A. Annual Inspection
B. Auditing
C. checking
D.Accounting
Q7 The sequence of steps followed in the accounting process to measure business transactions and
transform the measurements into FINANCIAL TATEMENTS for a specific period.
A. Accounting Cycle
B. Accounting
C. Trading Cycle
D. Audit Cycle
Q8 The difference between the realistic interest and the interest actually used is referred to
as………………... interest.
A. Historical
B. Depreciated
C. Imputed
D. Calculated
Q9 Mutual fund with a fixed number of shares outstanding that may be bought or sold iss ………. Fund.
A. Fixed
B. Capital
C. Open
D. Closed
Q10 Original cost of an asset to an entity is called ………………. Cost.
A. Historical
B. Accounted
C. Depreciated
D. Actual
Q11 A ratio used to indicate the number of times a company´s average inventory is sold during an
accounting period is ………….. Turnover ratio.
A. Liquidity
B. Solvency
C. Inventory
D. Profitability
Q12 A financial term for a specific type of commodities planning and trading.
A. Development Plan
B. R&D
C. Hedge
D. Arbitrage
Q13 Owner of property, the temporary use of which is transferred to another (LESSEE) under the terms
of a LEASE.
A. Asset owner
B. Lessor
C. Lease Owner
D. Contractor
Q14 Any amount a corporation pays to a shareholder to directly or indirectly buy back its stock …………
mail.
A. Red
B. Green
C. White
D. Yellow
Q15 Movement from public ownership to private ownership of a company´s shares either by the
company’s repurchase of shares or through purchases by an outside private investor.
A. Going Private
B. IPO
C. FPO
D. Propspectus
Q16 Group that has authority to establish standards of financial reporting for all units of state and local
government.
A. Cas
B. GASB
C. FPO
D. GAPS
Q17 Transferable agreement to deliver or receive during a specific future month a standardized amount
of a commodity s called ………….. Contract.
A. Surendered Contract
B. Active
C. Future
D. Present
Q19 Stock bonus plan of an employer that acquires SECURITIES issued by the plan sponsor.
A. ESOP
B. TSOP
C. PPOP
D. OROP
Q20 Method of computing a deduction to ACCOUNT for a reduction in value of extractable natural
resources is called…………….. .
A. Deflation
B. Demand Loan
C. Account for
D. Depletion
Q25 Goods bought for personal or household use, as distinguished from capital goods or producer’s
goods, which are used to produce other goods.
A. Consumer Goods
B. White goods
C. Electronics Goods
D. Tangible Goods
Q26 Transaction under which the LESSOR borrows funds to acquire property which is leased to a third
party is ………… lease.
A. Current
B. Accounted
C. Leveraged.
D. Abridged
Q27 Winding up an activity by distributing its ASSETS to the appropriate parties and settling its debts.
A. Window Dressing
B. Corruption
C. Insolvency
D. Liquidation
Q29 Sales at gross invoice amounts less any adjustments for returns, allowances, or discounts taken.
A. Net Sales
B. Journal Sales
C. Revenues
D. Actual Sales
Q30 Written promise to pay a specified amount to a certain entity on demand or on a specified date.
A. Challan
B. Contract
C. Advisoty Note
D. Note
Q31 Oldest and largest stock exchange in the United States, located at 11 Wall Street in New York City;
also known as the Big Board and The Exchange.
A. Chicago Exchange
B. World Exchange
C. NYSE
D. IMF
Q32 Price per share at which a new or secondary distribution of securities is offered for sale to the
public.
A. offiring Price
B. Open Price
C. Current Price
D. Market Price
Q33 Right to buy or sell something at a specified price during a specified time period.
A. Option
B. Put Option
C. Call Option
D. Share
Q34 All post-retirement benefits other than pensions, provided by employers to employees.
A. Pension
B. OPEB
C. NPV
D. Gratuity
Q35 The ability to earn enough INCOME to attract and hold INVESTMENT capital.
A. Pooling
B. Estimate
C. Profitability
D. Projection
Q37 Right giving existing stockholders the opportunity to purchase shares of a new ISSUE before it is
offered to others.
A. Green Right
B. Preemptive
C. Bonus share
D. White Right
Q39 A small amount of CASH that a company keeps on hand to pay for minor expenses in an office.
A. Petty Cash
B. Open Cash
C. current Cash
D. Small Cash
Q40 Percentage of a firm’s profits that is paid out to shareholders in the form of dividends.
A. Payout Ratio
B. Retention Ratio
C. Offer Ratio
D. Distribution Ratio