The date of record is the date: Group of answer choices A)On which the board of directors of a corporation decides that a dividend will be paid. b)Used to determine exactly who will receive dividends. C)When cash is actually paid to the shareholders. D)When profits are declared. E)None of the above

Stockholders elect a group of members from among them to manage the affairs of the Corporation, this group is called: O a. Board of directors O b. Articles of partnership O C. Stakeholders O d. Owners

Explain an example of basic accounting equation for a corporation with shareholders’ equity expanded to highlight its composition.

Please answer the multiple choice questions with only simple explanation. Thankyou! 6.) Assets or services acquired by a corporation in exchange for shares of stock should be recorded at: the book value of the stock at the time of the transaction   the difference between the historical cost of the assets or services received and the amount of cash paid out as a result of the transaction   the historical cost of the assets or services received less any cash received as a result of the transaction   the fair market value of the assets or services received   7.) Which of the following regarding the conversion of preferred stock into common stock is true?   gains resulting from a conversion are recognized and losses resulting from a conversion are not recognized   losses resulting from a conversion are recognized and gains resulting from a conversion are not recognized     both gains and losses from a conversion are not recognized…