A prohibition in the articles of incorporation and by-laws that none of the stockholders shall engage in similar competing of antagonistic business or activity to what the corporation is primarily engaged in –   is a valid and reasonable exercise of corporate authority is not a reasonable exercise of corporate powers is no in consonance with the business judgement rule is in violation of fair competition in an industry

Q: A corporation is a separate entity for accounting purposes but not for legal purposes. True False

A: SOLUTION- SEPARATE LEGAL ENTITY CONCEPT- UNDER IT , A COMPANY WILL BECOME A BODY CORPORATE THAT…

Q: explain the limitation of the corporate constitution as a statutory contract to empower the members…

A: Section 140 (1) of the Corporations Act gives company constitutions contractual force. A…

Q: Deciding to trade in financial products because of access to non-material non-public information.…

A: Since you have posted multiple questions, we will provide the solution only to the first question as…

Q: he Securities and Exchange Commission denied the amendment of the Articles of Incorporation of…

A: The Securities and Exchange Commission(SEC) has a right to deny amendments to the Articles of…

Q: What does the law assume is the main Corporate Objective of any corporation? Group of answer…

A: Any corporation is formed which the objective of earning maximum profits for the owners of the…

Q: True or False: The Sarbanes Oxley Act (SOX) only applies to public companies.

A: The Sarbanes Oxley Act (SOX) cover responsibilities of Board of Directors regarding reporting and…

Q: Of the following statements, which are true for the corporate form of organization? 1. Ownership…

A: The corporate form of organization is a legal framework that enables the formation of an entity that…

Q: What is the reason why close corporations are not allowed to engage in mining or oil companies,…

A: A business is characterized as an association or ambitious entity indulged in industrial,…

Q: None

A: 3. Long-term Sustainability: Ethics risk management emphasizes sustainable business practices and…

Q: True or false    Corporations are legal entities separate from their owners and offer the…

A: 1. Corporation's main advantage is that the entity is separate from the owners. Hence the liability…

Q: please answer correct in detail Identify each of the following characteristics as being an…

A: Corporate Form of business - Company is an artificial person having its separate legal entity and a…

Q: A corporation is a business that is legally separate and distinct from its owners

A: TRUE

Q: s incorrect concerning an acquirer

A: First option is wrong because the statement is correct. In order to facilitate the accounting…

Q: True or False 1. Whether or not the contracts and transactions entered into by a corporation…

A: Hi student, you have asked multiple questions in one go which are not inter-linking. According to…

Q: Task #1 - Corporation: 1. Define corporation

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Corporations recognize no gain orloss when it issues stock shares for property even if the…

A: Section 351 states non recognition or not recording of the gain or loss on the property transfers…

Q: 20. (A) The corporation’s capacity is limited to such express, implied and incidental powers. (B) A…

A: A company is a legally different entity from its owners. Corporations suffer from similar legal…

Q: 13) The principle of limited liability means: a) creditors cannot seize corporate assets b) that the…

A: Limited liability is a legal principle that protects a shareholder from being personally liable for…

Q: One of the following characteristics of a corporation is deemed a disadvantage. Which is it? a.…

A: Corporation is a finance by the shareholders and handled by the management and employees. We can…

Q: Which of the following statements is CORRECT?   a. Most business in the U.S. is conducted by…

A: The objective of the question is to identify the correct statement among the given options related…

Q: 7. The situation in which the owner of an S corp can be held personally liable for the grossly…

A: Here asked multi question we will solve for first question as per the guidelines.  If you need…

Q: Which of the following is not a consequence of a company being a separate legal entity?   A. A…

A: Company means a form of business where the share holder invest money in business in form of shares…

Q: In a close corporation, the controlling shareholders are usually the only people who manage and…

A: A close corporation  is a corporation which does not exceed a statutory defined number of members…

Q: Which of the following statement is true of a corporation’s by-laws? A corporation’s by-laws, being…

A: This is a correct statement  A corporation’s by-laws, being and intramural document binding on…

Q: d ho

A: Agency relationship : An agency connection can be understood as the fiduciary relationship in which…

Q: The Agency Problem arises because of the separation of ownership from control of publicly listed…

A: An agency problem in any relationship is when one party expects the other party to act in its best…

Q: The Sarbanes-Oxley (SOX) Act of 2002 is federal legislation designed to protect publicly held…

A: The Sarbanes-Oxley Act (SOX) of 2002 is a federal law enacted in response to corporate accounting…

Q: Question 15 A corporation may not be prosecuted and convicted of: a criminal offense if its agent…

A: A Corporation may not be prosecuted and convicted of: - criminal offense if its agent committed the…

Q: Please no written by hand solutions A negotiable instrument that gives the owner a proportionate…

A: A negotiable instrument is a document or piece of paper that represents a legally enforceable right…

Q: the relative lack of government regulation is an advantage of corporate form of business true…

A: Corporate is the business organization distinct from its members having its own existence.

Q: An individual provides accounting services to a corporation in exchange for stock. the shareholder…

A: Recognition of revenue - is an important aspect of accounting of revenue to be presented during the…

Q: Question: 1. Separate legal entity option: A. company is an artificial person which can be sue or be…

A: This question is based on Accounting Concept "Seprate Legal Entity". As per concept Seprate Legal…

Q: Decide which of the following statements are true. I. In most circumstances, the owners of…

A: Answer : Option (a).One is true is correct.

Q: a) The Agency Problem arises because of the separation of ownership from control of publicly listed…

A: 1) In simple term agency problem refers to the conflict of interest between the interest of the…

Q: Why do you think a single WACC is not applicable to all businesses in a corporation?

A: The W.A.C.C. or weighted average cost of capital determines the required rate of return of common…

Q: Why there is a need to have a provisional director? What is his role in settling the occurrence of…

A: Provisional Director is appointed by the Superior Court of a country. There are two conditions in…

Q: Which of the following statements most accurately summarises the legal principle behind Duty 4 -…

A: Directors are the persons who are employed to direct or provide supervision to the members or other…

Q: What is meant by the 'Agency problem' in the context of a Public Limited Company? How is it…

A: The question is based on the concept of Financial Analysis.

Q: Which of the following is the primary element that distinguishes accounting for corporations from…

A: A partnership firm is a constitution wherein two or more individuals come together and join hands to…