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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
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What information is contained in a corporation’s articles of incorporation?

To determine

Identify the information contained in a Corporation’s articles of incorporation.

Explanation

Articles of incorporation: It is an application to incorporate the corporation subjected to the respected state laws. It is also referred as corporate charter.

Identify the information contained in a Corporation’s articles of incorporation:

  • Names of the each individual incorporator.
  • Name of the corporation, address, and nature of business.
  • Details of the share capital (types of shares, par value of shares, and number of shares issued).
  • Such other information required by the respected state laws.

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