Which of the following statements is FALSEwith regarding a one person corporation?A one person corporation has a singlestockholder.OThe stockholder in the one person corporationshall be the sole director and president.A one person corporation is required to submitand file corporate bylaws.OA one person corporation shall not be requiredto have a minimum authorized capital stock. Which of the following may be a cause forinvoluntary dissolution?Express will of any partnerInsolvency of any partnerO Termination of the termO Expulsion of any partner

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Answered: Which of the following statements is…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Similar questions

Which one of the following statements is FALSE? OA) Interest is tax deductible while the dividend is not. B) Shareholders have the residual rights to the return of capital in the event of liquidation. C) Both shareholders and debt holders can vote at the Annual General Meeting D) Interest is the obligation of the company while the dividend is not.
The due diligence process aims at establishing and verifying:I. The identity of the beneficial owner.II. The identity of the legal person.III. The identity of the trust or similar arrangement.IV. The ownership and control structures. Question 1Answer a. I, II and IV only. b. I, II, III and IV. c. II, III and IV only. d. I, II, and III only.
Brent is a very talented accountant with ambitions to become the general manager of his firm.The directors advise Brent that he will be promoted as soon as he obtains a Master of BusinessAdministration degree at his own expense. Brent spends a considerable sum of money and everyspare minute of his life studying and manages to finish the qualification within two years.Although the directors know about Brent’s graduation they appoint someone else as generalmanager.Explain whether Brent would succeed in a legal action based on promissory estoppelagainst the company. Use the IRAC method to answer the question.
Which of the following is the most liquid form of current assets a. Inventory b. Accounts Payable c. Accounts Receivable d. Cash
The major difference between realizing a capital loss or a business investment loss is the sale of shares or write-off of debts of a Small Business Corporation. True False
Investors may receive an economic benefit from the ownership of stock by receiving A. interest B. dividends C. captail gains D. Both "dividends" and "capital gains" are correct
How can the failure to separate ownership, the board and management impaired the corporate governance of the company
the office of insurance regulation may examine the records of an insurance company O a. Determine the solvency of the company b. determines the trust deposit of the company c. approves the claims records of the company for tax purposes. d. assess the company's value on behalf of prospective investors
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17. The part of capital that represents the excess amount paid over the par value for the shares of the stock of the bank is called: O a. Common stock O b. Undivided Profits Surplus O d. Preferred stock
Explain to William and Oliver what steps they need to take to successfully incorporate their company and the rules concerning company names.
During the pre-incorporation stage, the acting treasurer will make a sworn statement which is part of the Articles of Incorporation. Give the salient points of such statement.

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