K A corporation that is incorporated in another country is known as which of the following? OA. a public corporation OB. an alien corporation OC. a multinational corporation OD. a domestic corporation
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- What is an owner of a corporation called? What is the difference between a closed corporation and an open corporation?Which of the following is not true of a corporation? Oa. It may enter into binding legal contracts in its own name. Ob. It may sue and be sued. c. The acts of its owners bind the corporation. Od. It may buy, own, and sell property.A corporation existing in fact but not in law Choices; De facto corporation De jure corporation Domestic corporation Foreign corporation
- Which of the following is most accurate regarding the formation of a US corporation? O Corporations are formed under the laws of a particular state. Corporations are formed under Federal law only. Corporations are formed without state or Federal action but are formed by contractual arrangement by the shareholders. Corporations are formed under Delaware law only by US Constitutional authority. OWhat is the difference between a constituent corporation and a consolidated corporation?Describe the differences between a Subchapter S corporation and a Subchapter C corporation.
- How do you differ a public corporation from a private corporation? give examples-names, purpose or objective, sources of revenue, etc.Introduction to Corporation Answer: True or False1. The following are the attributes of a corporation, except * A. It is an artificial being. B. It is created as a product of the agreement of the incorporators. C.It can enjoy perpetual existence. D. It is functions within the limits granted to it by law. 2. The following corporations are governed by the Revised Corporation Code, except: * A. Stock corporation B. Close corporation C. Public corporation D. Government-owned and controlled corporations 3. In applying the doctrine of piercing the veil of corporate fiction, the following factors may be considered, except: * A. The identity of controlling stockholders in two corporations B. The identity of those who compose the governing body of the subject corporations C.The identity of the stockholders3 D. The internal control system referring to the manner of keeping corporate books and records