Harry owns 1,000 shares of stock in Xit Corporation.What is the effect on Xit Corporation if Harry dies?
A) Xit must reorganize to reflect the change in ownership.
B) Xit will cancel Harry's shares of stock.
C) Xit will have 3 months to resell the stock.
D) A stockholder's death has no effect on a corporation.
Correct Answer:
Verified
Q20: A corporation does not have a legal
Q21: Which of the following is not a
Q22: The laws governing corporations:
A)require that a company
Q23: Features of common stock usually include all
Q24: Ownership structure can vary from one company
Q26: Equity and debt financing both have
Q27: The rights of current stockholders to purchase
Q28: A major advantage of the corporate form
Q29: The creation and oversight of all corporations
Q30: Corporations can raise large amounts of money
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