Which financial statement shows the position of enterprise at a particular date? Select one: O a. Statement of financial position O b. Statement of Cash flow O c. Statement of comprehensive income
Which financial statement shows the position of enterprise at a particular date? Select one: O a. Statement of financial position O b. Statement of Cash flow O c. Statement of comprehensive income
Chapter11: The Corporate Income Tax
Section: Chapter Questions
Problem 12MCQ
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Transcribed Image Text:on
at of
gestion
In terms of Act 69 OF 1984, the formation and juristic personality of close corporations are as follows, EXCEPT:
Select one:
O a. Any one or more persons, not exceeding ten, who qualify for membership of a close corporation in
terms of this Act, may form a close corporation and secure its incorporation by complying with the
requirements of this Act in respect of the registration of its founding statement.
O b. A corporation shall have the capacity and powers of a natural person of full capacity in so far as a juristic
person is capable of having such capacity or of exercising such powers.
O c. A corporation formed in accordance with the provisions of this Act is on registration in terms of those
provisions a juristic person and continues, irrespective of the provisions of this Act, to exist as a juristic
person notwithstanding changes in its membership until it is in terms of this Act deregistered or dissolved.
O d. Subject to the provisions of this Act, the members of a corporation shall not merely by reason of their
membership be liable for the liabilities or obligations of the corporation.
Which financial statement shows the position of enterprise at a particular date?
Select one:
a. Statement of financial position
b. Statement of Cash flow
O c. Statement of comprehensive income
Fir
Tim
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