an incorporator in a corporation. 2. A corporation can be an incorporator in another corporation. 3. A share certificate can be issued to those subscribers who partially paid their subscriptions. 4. A corporation or business partnership c

Q: Which of the following statements is NOT CORRECT? When a corporation’s shares are owned by a few…

A: Shares are one of the primary sources of capital for a corporation. Shares can be traded using…

Q: When a certificate of stock is issued for shares whose subscription is not fully paid, then – a)…

A: The capital of a corporation is contributed by many number of persons and same is accounted in books…

Q: A corporation cannot start its operation if the Securities and Exchange Commission (SEC) does not…

A: Corporation is a legal form of business organization, under which several members invest their…

Q: Owners of preference shares often do not have:   A Voting rights. B The right to sell their shares…

A: Solution- Preference shares, more commonly referred to as preferred stock, are shares of a company’s…

Q: If a company’s constitution does not contain rules governing the forfeiture of shares, then the…

A: The correct option with explanation are as follows. Forfeiture of share means cancellation of share…

Q: I. The general rule is that every member of a non-stock corporation and every legal owner of shares…

A: Option (c) Both are true is correct.

Q: Which account cannot be used if a corporation has only one class of shares?    a. Preference shares…

A: When the company sells its share in order to accumulate capital such amount is called share capital.…

Q: Match (by letter) the following terms with their definitions. Each letter is used only once.Terms…

A: Stockholders’ equity: The claims of owners on a company’s resources, after the liabilities are paid…

Q: The right of common stockholders to pro corporation by having the first opportunity to buy additi…

A: The person that is having stock of the company care called stockholders. The charter of the…

Q: Tristan asks : how does a person cease to be a member of a company?

A: Common stock:   These are the ordinary shares that a corporation issues to the investors in order to…

Q: An S Corporation may be a shareholder in a C Corporation. A C Corporation may be a shareholder in an…

A: S Corporation is pass-through taxation entities and C Corporation is a separate taxable entity. S…

Q: Write T if the statement is correct and F if the statement is incorrect. On the space provided,…

A: A person who owns shares of the company is known as the shareholder.

Q: Which of the following statements is incorrect? New term for the corporation in the revised…

A: The preference shareholders have no rights and privileges as enjoyed by the equity share holder....…

Q: f the corporation when formed sets a par value for its shares low and issue common   stock for a…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: Tristan is thinking about purchasing stock in a corporation. Specifically, Tristan has asked you to…

A: The answer:

Q: rite T if the statement is correct and F if the statement is incorrect. On the space provided,…

A: solution concept incorporator in a corporation Incorporator means the shareholders who incorporate…

Q: ming an LLC similar to forming a corporation? ) a) As with corporations, there are no documents to…

A: LLC refers to the form of a business structure type which helps the owner to safeguard their…

Q: Like a statutory close corporation, a limited liability company: a) follows the same state laws that…

A: A limited liability company is the one which has limited liability and protection for the…

Q: What is the affirmative vote required for the adoption of by-laws of the corporation? I. If adopted…

A: Section 45 of the code is stating about the adoption of the bylaws of a corporation. As per the…

Q: Identify which of the following statements are true for the corporate form of organization. (You may…

A: A corporation is a legal entity that is different from its owners and exists independently from…

Q: Which of the following would not be true of a privately held corporation? * It is sometimes called a…

A: Privately held corporation is also known as closely held corporation as its shares are held by small…

Q: Which of the following statements is NOT CORRECT? "Going public" establishes a firm's true intrinsic…

A: The correct and incorrect options and their explanations have been given in the next step.

Q: S1 A Public Corporation is one formed for the government of a portion of the state. S2 All…

A: Legal capital is an amount of a firm’s equity that is not allowed to leave the business, an amount…

Q: What is the control requirement of § 351? Describe the effect of the following in satisfying this…

A: Sec. 351 allows a tax-free incorporation transfer if: a. The property must be transferred to a…

Q: answer all questins with  true or false 1. Preference shares of stock may be issued with par or…

A: “Since you have asked multiple questions, we will solve the first question for you.  If you want a…

Q: Direction: Write T if the statement is correct and F if the statement is incorrect. On the space…

A: As per the bartleby guidelines, in case of interlinked question answer first three only   1) False a…

Q: Which of the following actions would the Board of Directors have to have a shareholder vote in order…

A: Shareholders have not just the right to receive dividend, but they have the right to vote for…

Q: Which of the following statements is incorrect? O New term for the corporation in the revised…

A: In the given case the company cannot issue shares more than the authorised capital of such shares..…

Q: Write T or F. Then briefly explain. In a corporation, minority shareholders are compliant to the…

A: solution concept Minority shareholders means the shareholders who have less than 50% stake They…

Q: Kelvin is considering buying shares in a company. Kelvin asks you to explain to him what is meant by…

A: Member An individual who subscribes to the MOA on the acceptance of the company by signing the MOA…

Q: this question in the appropriate place on Blackboard. An S-Corp can only have how many shareholders…

A: Shareholders: Shareholders of the company are the owners of the business entity having ownership of…

Q: One of the following is not an attribute of a close corporation: Restriction can be made prohibiting…

A: The Close corporation has required a minimum of one member or a maximum limit of up to 10 members.…

Q: Is forming a corporation does not have the same advanatges as forming an LLC, but the cost are…

A: Corporate or company: It is a legal entity that has been established to carry out a specific…

Q: Which of the following statements is CORRECT? A The stock of publicly owned companies does not need…

A: Firms can raise financing by issuing shares or by raising funds via debt financing.

Q: A stockholder dissatisfied with the management of the corporation done by the Board of Directors…

A: Shareholder or Stockholder refers to the person, company which owns atleast one share of the stock…

Q: Organization expenses include all of the following except a. legal fees  b. fees paid to obtain a…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Clearly STATE which of the following choice(s) is/are CORRECT and which are INCORRECT? If a…

A: Business organization can be defined as the entity that is formed for the purpose of carrying on…

Q: S1 The Corporation will always issue all the delinquent shares to the highest bidder which are…

A: A stock becomes delinquent upon failure of the holder to pay the unpaid subscription or balance…

Q: NOTE: ANSWER ALL WITH TRUE OR FALSE 2. A corporation can be general partner in a partnership. 3. A…

A: Hi student Since there are multiple subparts, we will answer only first three sub parts.

Q: The following are the characteristics of a close corporation, except:  a. Any action by the…

A: Closed corporation refers to the company under which the shares are held through selecting the few…

Q: l of the following are true about the issuance of non-voting common stock except a. it has been…

A: Issue of Shares : The company sell its common stock of shares to collect the amount of capital from…

Q: Which of the following scenarios does a donated capital arise? * Forgiveness of an existing loan…

A: Donated Capital. It arises when someone is giving assets, securities or treasury stocks. shares…

Q: Officers of the corporation are A. appointed by the stockholders. B. stockholders of the…

A: A. Generally Corporation officer do not appointed by the stockholder.   B. Corporation officer are…

Q: Which of the following is not a right of an ordinary shareholder? Select one: O a. None of the…

A: As posted two questions we are answering only one question kindly repost the unanswered questions as…

Q: Which one of the following statements related to common stock is correct? Multiple Choice…

A: The common stock represents the funds provided by equity shareholders and thus represents an…