1. The following are the attributes of a corporation, except * A. It is an artificial being. B. It is created as a product of the agreement of the incorporators. C.It can enjoy perpetual existence. D. It is functions within the limits granted to it by law. 2. The following corporations are governed by the Revised Corporation Code, except: * A. Stock corporation B. Close corporation C. Public corporation D. Government-owned and controlled corporations 3. In applying the doctrine of piercing the veil of corporate fiction, the following factors may be considered, except: * A. The identity of controlling stockholders in two corporations B. The identity of those who compose the governing body of the subject corporations C.The identity of the stockholders3 D. The internal control system referring to the manner of keeping corporate books and records
1. The following are the attributes of a corporation, except * A. It is an artificial being. B. It is created as a product of the agreement of the incorporators. C.It can enjoy perpetual existence. D. It is functions within the limits granted to it by law. 2. The following corporations are governed by the Revised Corporation Code, except: * A. Stock corporation B. Close corporation C. Public corporation D. Government-owned and controlled corporations 3. In applying the doctrine of piercing the veil of corporate fiction, the following factors may be considered, except: * A. The identity of controlling stockholders in two corporations B. The identity of those who compose the governing body of the subject corporations C.The identity of the stockholders3 D. The internal control system referring to the manner of keeping corporate books and records
Chapter11: The Corporate Income Tax
Section: Chapter Questions
Problem 12MCQ
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Question
1. The following are the attributes of a corporation, except *
A. It is an artificial being.
B. It is created as a product of the agreement of the incorporators.
C.It can enjoy perpetual existence.
D. It is functions within the limits granted to it by law.
2. The following corporations are governed by the Revised Corporation Code, except: *
A. Stock corporation
B. Close corporation
C. Public corporation
D. Government-owned and controlled corporations
3. In applying the doctrine of piercing the veil of corporate fiction, the following factors may be considered, except: *
A. The identity of controlling stockholders in two corporations
B. The identity of those who compose the governing body of the subject corporations
C.The identity of the stockholders3
D. The internal control system referring to the manner of keeping corporate books and records
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