A corporation is formed when the incorporators obtain:
A) a charter from the state.
B) a board of directors.
C) stock.
D) officers.
Correct Answer:
Verified
Q29: Legal capital is the:
A)amount owed to owners.
B)amount
Q30: Paid-in capital is the amount of stockholders'
Q31: Limited liability of a corporation means that:
A)shareholders
Q32: Stockholders' equity is divided into:
A)retained earnings and
Q33: Double taxation means that the:
A)corporation pays tax
Q35: The constitution for governing a corporation is
Q36: The group elected by the stockholders to
Q37: The right to maintain one's proportionate ownership
Q38: The _ own the corporation, but the
Q39: Which of the following is NOT a
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