2. Páid up čapital of 3. Required percentac
Chapter11: The Corporate Income Tax
Section: Chapter Questions
Problem 12MCQ
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Subject: LAW ON
Transcribed Image Text:_1. Term of a corporation.
_2. Paid up capital of corporation shall not be less than.
3. Required percentage of subscribed capital stock is
_4. The charter of a corporation is otherwise known as,
_5. The governing body of a stock corporation.
_6. The governing body of non-stock corporation.
_7. A person authorized to represent a stockholder who is absent in a
stockholders' meeting.
_8. A written authority authorizing another to represent a stockholder in a
meeting.
_9. Such number of the membership of a collective body as is competent to
transact its business or do any other corporate act.
_10. Three general powers of a corporation are.
_11.
_12.
_13. The right of a stockholder to be given priority to subscribed to new
capital stock of the corporation.
_14. The right of a stockholder to compel the corporation to pay for his/her
shares under certain circumstances.
_15. A portion of the corporation's profits for distribution to its
stockholder/members.
_16. Kinds of dividends are .
_17.
_18.
_19.
_20.
_21. An act which is beyond the conferred powers of a corporation or the
purpose for which it is created.
_22. Rules of action adopted by the corporation for its internal regulations.
_23. Two kinds of corporate meetings are.
_24.
25.
Written instrument signed by a corporate officer stating or
acknowledging that the person named therein is the owner of a designated number of shares of
its stocks.
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