A private corporation in which capital comes from fees paid by individuals composing it and whose owners are called members is a option: domestic corporation non-stock corporation open corporation stock corporation
A private corporation in which capital comes from fees paid by individuals composing it and whose owners are called members is a option: domestic corporation non-stock corporation open corporation stock corporation
Chapter12: S Corporations
Section: Chapter Questions
Problem 12DQ
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1. A private corporation in which capital comes from fees paid by individuals composing it and whose owners are called members is a
option:
domestic corporation
non-stock corporation
open corporation
stock corporation
2. Contributed capital consists of the following major components
options:
• legal and stated capital.
• Retained earnings and legal capital.
• Legal capital and additional paid in capital.
• Additional paid in capital and retained earnings
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