S1 A corporation's by-laws are the same as its articles of incorporation. S2 The share certificate is issued upon subscription of the share capital.
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A: Paid In Share Capital means the full amount of cash or other assets that shareholders have given a…
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A: Contributed capital is the amount of the capital which is contributed by the owners of the business.…
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A: The articles of incorporation do not include the cost of issuing shares.
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A: The shareholders equity section displays the items that belongs to the shareholders.
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A: As posted multiple independent questions we are answering only first question kindly repost the…
Q: Question 2 The state charter allows a corporation to issue only a certain number of shares of each…
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A: Share rights are those rights which are being given or provided to existing shareholders of the…
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A: (a) Charged against the related share premium
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Q: It is that part of the subscribed share capital which has been paid to the corporation a.…
A: Solution: "Paid-up share capital" is that part of the subscribed share capital which has been paid…
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Q: 23 The articles of incorporation: A set forth the number of shares of stock that can be issued. B.…
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- S1 A partnership is allowed to become a shareholder of a corporation. S2 A shareholder is allowed to become a partner of a partnership. a. Both statements are true b. Both statements are false c. One statement is true, and the other one is false S1 A corporation’s by-laws are the same as its articles of incorporation. S2 The share certificate is issued upon subscription of the share capital. a. Both statements are true b. Both statements are false c. One statement is true, and the other one is falseWhich of the following characteristics of a corporation limits a stockholder's loss to the amount of his or her investment in the stock of the corporation? Question 7Answer a. Separate legal entity b. Separation of ownership and management c. Transferability of ownership d. Limited liabilityDifferentiate: a) stock from non-stock corporation b) private from public corporation c) de jure from de facto corporation
- A corporation is recognized as a "person." A. B. True False A publicly held corporation is a private corporation. A. True B. False The primary document needed to incorporate a business is the articles of incorporation. B. A. True FalseIdentify which category of shareholder's equity is affected by each item and briefly explain how it is affected. 1. Sale of additional ordinary shares of the corporationWrite T if the statement is correct and F if the statement is incorrect. On the space provided, explain using the concepts discussed why your answer to a statement is T or F. 1. A person of minor age can be a shareholder but can never be 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 can be an incorporator but not a corporator. 5. All partnership can be an incorporator in a corporation. 6. On January 10,2021, Ana paid 90% of her subscription in Jollibee Foods Corporation. She will receive her certificate of stock on January 10,2021. 7. Continued inoperation of a corporation for at least 5 consecutive years will result in its certificate of incorporation being deemed revoked. 8. In case of conflict between the by-laws and the corporation code, the code shall prevail.
- S1: The trust fund doctrine holds that share capital of a corporation is considered a trust fund for the protection of the shareholders. S2: A no par share is one without any value appearing on the face of the stock certificate, thus, it is issued for free. A.Both statements are true B. Both statements are false C. Only S1 is true D. Only S2 is trueTrue (t) or False (f) _____ Bond interest paid by a corporation is an expense, whereas dividends paid are not an expense of the corporationAn S Corporation may be a shareholder in a C Corporation. A C Corporation may be a shareholder in an S Corporation. Which of the following statement is true? a) the first only b)the second only c) both d) neither
- S1 A Public Corporation is one formed for the government of a portion of the state. S2 All incorporators are subscribers but a subscriber need not be an incorporator. a. Both statements are true b. Both statements are false c. One statement is true, and the other one is false S1-Shareholders elect board of directors which appoints the management of the corporation. S2 -The Par value shares constitute the legal capital of a corporation. a. Both statements are true b. Both statements are false c. One statement is true, and the other one is falseWhich business entity could have common stock authorized? O A. a sole proprietorship O B. a partnership O C. a limited liability company O D. a corporation O E. All of the above could theoretically have common stock authorized.Determine if this shall result in recognition of liabilities 8.Declaration of property dividends on ordinary shares. a. yes b. no