For accounting purposes, the most important section of the articles of incorporation is the description of
A) the types of shares to be issued.
B) the costs of issuing the shares.
C) the type of business to be conducted.
D) how the board of directors will be organized.

Question

Quizplus · Accepted Answer

The types of shares to be issued is crucial for accounting as it affects equity structure, share valuation, and financial reporting.

For Accounting Purposes, the Most Important Section of the Articles