Direction: Write T if the statement is correct and F statement is incorrect. On the space provided, exp. the concepts discussed why your answer to a statei F

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Direction: Write 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.
Transcribed Image Text:Direction: Write 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.
4. Death of a shareholder will dissolve the corporation.
5. Shares cannot be transferred without the consent of the
other shareholders.
6. All incorporators are subscribers but a subscriber need not
be an incorporator.
Transcribed Image Text:4. Death of a shareholder will dissolve the corporation. 5. Shares cannot be transferred without the consent of the other shareholders. 6. All incorporators are subscribers but a subscriber need not be an incorporator.
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