While electing the board of directors, the common shareholders are entitled to Blank______. Multiple choice question. one vote per share held one vote each one vote per 100 common shares held one vote per 100 preferred shares held
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While electing the board of directors, the common shareholders are entitled to Blank______.
one vote per share held
one vote each
one vote per 100 common shares held
one vote per 100
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- If cumulative voting is permitted: A. the total number of votes a shareholder has is equal to the number of shares owned. B. the total number of votes a shareholder has is equal to the number of shares owned times the average number of years the shareholder has owned the shares. C. the total number of votes a shareholder has can be calculated as the number of shares owned times the number of directors to be elected. D. the total number of votes a shareholder has is equal to the number of shares times the number of board meetings the shareholder has attended. E. None of these.With blank voting, all directors up for election are vorted on by the share holders at the same time in one general election. A. straight B. Participating C. Non participating D. Proxy E. CumulativeIf there are nine directors to be elected, what is the least number of shares you will need to guarantee a seat on the board under cumulative voting?
- SAFPL has two classes of shares on issue – ordinary shares and A Class shares. Under the terms of the SAFPL constitution, each A Class share currently carries an entitlement to vote on any resolution to amend the company’s constitution. The directors of SAFPL would like to have the constitution amended so that A Class cannot vote on constitutional amendments. Is this possible? If so, what would be required to make that amendment?the letter of the choice that best completes the statement or answers the question. Question 1 To be eligible for S corporation status, a corporation must have no more than O 100 shareholders O 150 shareholders O 200 shareholders O 250 shareholdersMatch each of the following stockholders' equity concepts to the appropriate term (a – h). Question 41 options: limited liability public corporation corporation dividends articles of incorporation private corporation board of directors bylaws 1. Document which formally creates a corporation 2. Creditors cannot pursue stockholders' personal assets to satisfy claims 3. The rules and procedures 4. A legal entity, separate from the people who create and operate it 5. A company whose shares can be bought and sold in public markets 6. Group which meets periodically to establish corporate policies 7. A company whose shares are not bought or sold in public markets 8. Corporate income distributed to stockholders
- You are a CPA who has been hired by DEF Company to assist with their incorporation process. Prepare a memo to the president of DEF explaining the different statuses of shares of stock: authorized shares, issued shares, outstanding shares, and treasury shares.Which of the following represents one of the basic rights of stockholders? a. Stockholders may sell their stock back to the company if they wish. b. Stockholders may authorize a business contract on behalf of the corporation. c. Stockholders may determine at what price the company issues stock. d. Stockholders may participate in management by voting on corporate matters.Match each of the following stockholders' equity concepts to the appropriate term (a-h). Question 5 options: Document which formally creates a corporation Corporate income distributed to stockholders The rules and procedures for conducting a corporation's affairs Group which meets periodically to establish corporate policies A legal entity, separate from the people who create and operate it A company whose shares can be bought and sold in public markets A company whose shares are not bought or sold in public markets Creditors cannot pursue stockholders' personal assets to satisfy claims 1. articles of incorporation 2. limited liability 3. bylaws 4. corporation 5. public corporation 6. board of directors 7. private corporation 8. dividends
- There are 3 directors seats up for election. If you own 1,000 shares of stock and you can cast 3,000 votes for a particular director, this is illustrative of:a. multiple voting.b. sequential voting.c. absolute priority voting. d. cumulative voting. e. straight voting. choose oneYou own 250 shares out of 1,500 shares outstanding. Your co-owner owns the other 1,250 shares. There are 4 directors being elected. Assuming cumulative voting, calculate the number of shares you need to own to elect at least one director to the Board.Please help me answer it.