Which of the following is not true of a corporation? Oa. It may enter into binding legal contracts in its own name. Ob. It may sue and be sued. c. The acts of its owners bind the corporation. Od. It may buy, own, and sell property.

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: the difference between a Corporation, Partnership, and P

A: There are three different forms of organization and each have own advantages and suitable for…

Q: What are bylaws of a corporation?

A: Corporate bylaws: The bylaws of a corporation are a set of rules established by the company's…

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: What is ordinarily the first step in the Formation of a corporation? * O Development of by-laws for…

A: Solution: The first step in the formation of the corporation is "Application for incorporation to…

Q: A corporation existing in fact but not in law   Choices; De facto corporation De jure corporation…

A: De facto corporation refers to the existence of the company in reality but not recognised by law. De…

Q: If the corporation is considered as de facto, who can question its existence?   Board of Directors…

A: When corporation is considered as de facto, it means that corporation exist even though it may not…

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: 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: 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: A corporation is a business that is legally separate and distinct from its owners

A: TRUE

Q: Which business organization has the most legal formality requirements? a. Corporation b. Partnership…

A: A corporation is funded by many owners (shareholders) and to keep their money safe, corporations…

Q: Owners of a corporation are called members. O True O False

A: The answer is false  Refer step 2 for explanation

Q: . Distinguish between articles of incorporation and by-laws

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

Q: 1. The following are the attributes of a corporation, except * A. It is an artificial being. B. It…

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

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 a limited liability corporation? Discuss its advantagesand disadvantages. You can search the…

A: Like a corporation, a financial obligation company or "LLC," may be a separate and distinct legal…

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: How it's GAAP and IFRS is suitable for Corporate Entities ?

A: The primary difference between the two systems is that GAAP can be called rules-based whereas IFRS…

Q: Distinguish between corporations and sole proprietorshipsin terms of the following…

A: Sole proprietorships is the simplest form of business in which one particular operates the business…

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: How a corporation is different from a partnership in terms of owner, legal status, liabilities,…

A: The distinction between a corporation and a partnership in terms of owner, legal status, liability,…

Q: Why do you think a single WACC is not applicable to all businesses in a corporation?

A: The W.A.C.C. or weighted average cost of capital determines the required rate of return of common…

Q: .Which of the following is NOT one of the basic shareholder's rights? Which of the following is NOT…

A: Shareholder means a person who holds the shares. When we divide company capital into small parts are…

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: How do you differ a public corporation from a private corporation? give examples-names, purpose or…

A: Corporation- A corporation is a legal entity with the identity of a legal person that was formed by…

Q: Help! True or false In case of conflict between the by-laws and the corporation code, the code shall…

A: solution concept By laws By laws means the laws an rules framed by the corporation for its…

Q: Which of the following Is not required to use IFRS? Multiple Choice O Publically traded company O…

A: IFRS stands for International financial reporting standards. These are Accounting standards issued…

Q: The articles of incorporation differ from the by-la tion are: a. the rules of action adopted by a…

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

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

A: Agency theory states the fiduciary duty of management towards the shareholders. The duty is to…

Q: Describe the difference between a sole proprietorship, a partnership, and a corporation?

A: Ownership- Ownership is the condition or fact of legal control and control over possessions, which…

Q: 1) What is One Person Corporation?  2) How to register Sole Proprietorship in BIR and DTI?

A: Answer: Concept: Corporation is the organization formed with group of people who work together to…