Direction: Write T if the statement is correct and F if thestatement is incorrect. On the space provided, explain usingthe concepts discussed why your answer to a statement is T orF. 4. Death of a shareholder will dissolve the corporation.5. Shares cannot be transferred without the consent of theother shareholders.6. All incorporators are subscribers but a subscriber need notbe an incorporator.

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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

Section: Chapter Questions

Problem 1Q

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Question

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.

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