What is the reason why close corporations are not allowed to engage in mining or oil companies, stock exchanges, banks, insurance companies, public utilities, educational institution, and corporation to be vested with public interest?

Q: What issue does agency theory examine? Why is it important in a public corporation rather than in a…

A: In agency theory, shareholders give manager the decision making authority over the firm, thus…

Q: What limitations are S-corporations subject to?

A: S corporation is referred to as the corporation, which are treated regarding the federal tax…

Q: Which of the following is not a power held by a corporation's shareholders?   removal of corporate…

A: The organizations to meet their financial requirements, sell their stocks in the market. The…

Q: 46. Which of the following is not one of the advantages of organizing a business as a corporatiot a.…

A: Corporation: Corporation is an entity incorporated under the authorized corporate laws of a country…

Q: What is a corporation? Why might founders have chosen to form a corporation rather than a…

A: A corporation is a legal form of business in which shareholders are the owners and corporation has…

Q: Can the members of a non-stock corporation receive compensation

A: non stick corporations are that corporations which do not issue stock to members. Members who are…

Q: In the United States, there are three legal categories of firms: sole proprietorships, partnerships,…

A: Corporation can generate funds in a shorter period of time and in great abundance. Hence, option D…

Q: why does the stockholders and members not allowed to have a meeting outside the city where the…

A: Shareholders attend a meeting every year, commonly known as AGM or Annual general meeting. It is the…

Q: The primary social responsibility of all publicly listed corporations/ firms is economic or…

A: The primary Social responsibility of all publicly listed companies are i) environmental…

Q: It refers to the natural right of stockholders to subscribe to all issues or disposition of shares…

A: The answer is stated below:

Q: IF A CORPORATION COMMITS A CRIMINAL OFFENSE, HOW CAN IT BE PUNISHED?

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

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: What is the basis of a stockholder's right of inspection of the corporation's books and records

A: Stockholders or Shareholders are the people holding equity shares of a company. Shareholders are the…

Q: How does the audit of owners’ equity for a closely held corporationdiffer from that for a publicly…

A: Audit of owners equity for a closely held corporation is different from that of publicly held…

Q: In its filings with the State of Ohio, Soft Serve Ice Cream, Inc. states as its corporate purpose,…

A: Ultra vires acts are those acts that are not in the authority of a corporation to perform. In the…

Q: Limited liability is a disadvantage of corporation companys? true or false

A: Limited liability refers to the term that means in case of insolvency of the business, personal…

Q: 87. Which is not one of the basic shareholders' rights? O A. The right to participate in earnings.…

A: Since there are multiple questions, we will answer only the first question. If you want the…

Q: What is the reason for renewed interest in not-for-profits corporations?

A: Non-profit corporation  owners do not make a profit. The money of a not-for-profit organisation is…

Q: What expense do corporations incur that sole proprietorships and partnerships do not?

A: The sole proprietorship and partnerships  will be explained:

Q: The following are characteristics of a corporation except   Choices; It is an artificial being It…

A: Following are some key features of a corporation: Separate legal entity  Perpetual succession  An…

Q: What would happen to the corporation if it failed to file by-laws? Would it dissolve the corporation

A: Meaning of Corporation: It refers to a legal entity which is distinct from its owners. Corporations…

Q: Which one of the following is not an ownership right of a stockholder in a corporation? * O To vote…

A: Introduction: Stockholder: One who holds stocks of the corporation called as stockholder of the…

Q: In a close corporation, the controlling shareholders are usually the only people who manage and…

A: A close corporation  is a corporation which does not exceed a statutory defined number of members…

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: 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: taxable entity. c.Ownership is divided into shares of stock. d.A corporation's resources are limited…

A: The term "corporation" refers to  legal entity . corporation is a separate legal entity from its…

Q: Which of the following is not a characteristic of a corporation? a.Corporations experience an ease…

A: corporation : it is a legal entity it is considered as separate person  it has rights and…

Q: A prohibition in the articles of incorporation and by-laws that none of the stockholders shall…

A: A prohibition in the articles of incorporation and by-laws that none of the stockholders shall…

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: In the absence of restrictive provisions, what are the basicrights of stockholders of a corporation?

A:

Q: Can an individual enter into a joint venture with a corporation? how do you account for that?

A: Joint venture can be defined as the business entity that is created by two or more parties that is…

Q: Which of the following is not true of a corporation? Oa. It may enter into binding legal contracts…

A: Corporation has separate legal entity. This means the corporation is separate from its owners. Thus,…

Q: Why do the basis and at-risk rules usually prevent the same amount of losses from passing through to…

A: An S Corporation is treated more like a partnership than a C Corporation. So, S Corporation is a…

Q: A corporation may not deduct dividends paid to shareholders but is permitted to deduct reasonable…

A: Compensation Compensation refers to payment for personal services which includes wages, salaries,…

Q: What would be the advantages of having companies formed at the federal level? Do you think these…

A: The confusion with the rising business is to weather go with the federal level registration or state…

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: Under the Corporate form of business: the corporation is subject to double taxation a shareholder…

A: Corporate form of business: A mode of doing business that recognizes the company in question as…

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…

Q: Why are large corporations often said to be publicly owned?

A: A corporation is a legitimate substance that is isolated and unmistakable from its owners.…