A prohibition in the articles of incorporation and by-laws that none of the stockholders shall engage in similar competing of antagonistic business or activity to what the corporation is primarily engaged in –   is a valid and reasonable exercise of corporate authority is not a reasonable exercise of corporate powers is no in consonance with the business judgement rule is in violation of fair competition in an industry

Q: A corporation is a separate entity for accounting purposes but not for legal purposes. True False

A: SOLUTION- SEPARATE LEGAL ENTITY CONCEPT- UNDER IT , A COMPANY WILL BECOME A BODY CORPORATE THAT…

Q: explain the limitation of the corporate constitution as a statutory contract to empower the members…

A: Section 140 (1) of the Corporations Act gives company constitutions contractual force. A…

Q: Which of the following is not an incentive for company managers to exercise their accounting…

A: Allowing corporate officials to manage the disclosure of accounting information through the use of…

Q: Which type of business organization provides the least amount of protection forbankers and other…

A: Corporation: Corporation is the form of organization that has legal existence that is owned and…

Q: Identifying advantages and disadvantages of a corporation Following is a list of advantages and…

A:

Q: he Securities and Exchange Commission denied the amendment of the Articles of Incorporation of…

A: The Securities and Exchange Commission(SEC) has a right to deny amendments to the Articles of…

Q: Which type of business organisation has a separated legal entity from its owners, and the owners are…

A: A. Limited Liability Company (LLC) A Limited Liability Company (LLC) is a cross between a…

Q: What does the law assume is the main Corporate Objective of any corporation? Group of answer…

A: Any corporation is formed which the objective of earning maximum profits for the owners of the…

Q: Which of the following parties cannot be granted shares or share options by the entity? A. Chief…

A: The right using which a certain number of shares can be bought at a fixed price from a company for a…

Q: Corporations disclose restrictions of retained earnings on the balance sheet as a deduction from…

A: Restricted retained earnings refers to that amount of a company's retained earnings that are not…

Q: A corporation cannot be held liable for personal indebtedness of a stockholder even if he is its…

A: There are various form of business organization

Q: True or False 1. Whether or not the contracts and transactions entered into by a corporation…

A: Hi student, you have asked multiple questions in one go which are not inter-linking. According to…

Q: A court does not have the power to remove a director when: Multiple Choice   petitioned by…

A: Shareholders have the right to remove the directors without going to the court and they do not…

Q: In a public corporation, the agency conflict is: O the exploitation of the workers by the owners the…

A: Agency Conflict refers to Conflict between the agents and owners of the company  Agents refers to…

Q: In Corporation Law, the application of the principle of “Centralized Management” has brought about…

A: Answers

Q: What are the differences in whether a limited liability company is member-managed or…

A: The limited liability company is typically a new form of entity and can be managed in 2 ways namely,…

Q: The interest of an interlocking director in one corporation may be either substantial or nominal. It…

A: The Corporation Code sanctions a contract between two or more corporations which have interlocking…

Q: Which of the following statement is true of a corporation’s by-laws? A corporation’s by-laws, being…

A: This is a correct statement  A corporation’s by-laws, being and intramural document binding on…

Q: What is the significance of Salomon v A Salomon & Co Ltd [1897] AC 22 ? What is the 'corporate veil'…

A: Corporation:   Business concerns which have a separate legal entity; and are owned by shareholders,…

Q: the relative lack of government regulation is an advantage of corporate form of business true…

A: Corporate is the business organization distinct from its members having its own existence.

Q: 4. Which of the following is not an advantage of the corporate form of business organization? A.…

A: Lets understand the basics. Corporate form of organizations are different as compare to sole trade…

Q: True or false, why. 1. Shareholders can transact business on behalf of the corporation.

A: Shareholders Shareholders is treated as the business owners of the entity which has the power of…

Q: Which of the following statements always apply to corporations?  (You may select more than one…

A: Corporation is very important concept in business that has separate legal identity and it is…

Q: Which of the following is closest to IFRS 3 Business Combinations definition of control?   A company…

A: In accordance with IFRS 3, the Definition of “control”  An investor controls an investee when the…

Q: Explain why a duty to prevent insolvent trading is imposed on directors by statute. Provide an…

A: Financial Accounting Financial accounting is the process of recording financial events, summarizing…

Q: Why there is a need to have a provisional director? What is his role in settling the occurrence of…

A: Provisional Director is appointed by the Superior Court of a country. There are two conditions in…

Q: The economic entity assumption requires that the activities Select one: a. of a sole proprietorship…

A: The economic entity is an accounting assumption followed by every organization. According to this…

Q: Contraventions of the Corporations Act that are considered significant include: O a fraud by…

A: Under the Corporations Act, an auditor is obligated to report certain matters including certain…

Q: Having one person holding the position of the CEO and Chairman in a corporation can bring about…

A: TRUE

Q: The accounting assumption or principle of __________________ is being violated if a company that is…

A: The Full Disclosure Principle states that all relevant and necessary information must be included…

Q: Which is true with regards to the disadvantages of the major business organization? * O O Unlimited…

A: Partnership form VS corporations Liability: Partnership has unlimited liability but corporations…

Q: Do those who are unable or unable to operate under a conventional corporation's limitations have a…

A: Here is the answer:

Q: Corporate Ethics Is it unfair or unethical for corporations to create classes of stock with unequal…

A: The Company is allowed to Create a Number of Classes  of stock they want, it can have different…

Q: When a corporation is dissolved due to fraud, graft, and corruption, can innocent employees and…

A: Liabilities are referred, when the money is borrowed and there is obligation to pay that sum of…

Q: A corporation incurred liabilities to its suppliers. The suppliers filed a case against the board of…

A: Lets understand the basics. Company or corporation kind of structure are structure in which company…

Q: A corporate entity per se – has no direct relationship with its stockholders or members. has a…

A: Stockholder is a how buys or holds the stocks of the company and is the owner of the company.…

Q: Which type of business has ownership interests that cannot be transferred to other parties without…

A: In both corporation and limited liability companies the ownership interest cannot be transferred to…

Q: 1. It refers to the capital of a corporation that cannot be withdrawn until final liquidation.  2.…

A: 1. It refers to the capital of a corporation that cannot be withdrawn until final liquidation.…

Q: True/False. In their Articles of Incorporation, corporations that want to maintain flexibility about…

A: Articles of incorporation are a set of official documents that must be filed with a government…