A director must be a shareholder in a corporation. True or False True False
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- Write T or F. Then briefly explain. In a corporation, minority shareholders are compliant to the wishes of the majority.TRUE OR FALSE. IF FALSE WHY. Shareholders elect the board of directors which appoints the management of a corporation.An individual provides accounting services to a corporation in exchange for stock. the shareholder must recognize income and the corporation may deduct or capitalize the expenditure as would be deemed appropriate. A. True B. False
- True or False? Dividends should be authorized by the shareholders of the corporation.true or false.a. The policy-making body in a corporation is called the board of directorsWhat are agency problems, and why do they exist within a corporation? Discuss how agency conflicts affect the goal of maximizing shareholder value.
- Pass through. If the corporation is structured as an S corporation, profits and losses are well-versed to the shareholders, in order that the corporation doesn't pay financial gain taxes. Can you help me understand what that is, with details?Under the corporate form of business organization, Group of answer choices a)ownership rights are easily transferred b)a stockholder is personally liable for the debts of the corporation c)stockholders’ acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation d)stockholders wishing to sell their corporate shares must get the approval of other stockholders1.Which of the following is NOT one of the basic shareholder's rights? Which of the following is NOT one of the basic shareholder's rights? The right to participate in the proceeds of the sale of the corporation upon liguidation. The right to inspect the records of the corporation The right to maintain one's proportional interest in the corporation. The right to participate in earnings 2.
- Should the qualifications of the board of directors play a role in your decision whether to buy the stock of a particular corporation? Why or why not?Characteristics of a corporation include a.shareholders who are mutual agents b.direct management by the shareholders (owners) c.shareholders who have limited liability d.its inability to own propertyWrite T if the statement is correct and F if the statement is incorrect. On the space provided, briefly explain using the concepts discussed why your answer to a statement is T or F. 1. A person of minor age can be a shareholder but can never be an incorporator in a corporation.