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 preferred shares held
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- If there are 10 directors to be elected and a shareholder owns 120 shares, calculate the maximum number of votes that he or she can cast for a favorite candidate under each of the voting methods. Maximum Number of Votes a. Majority voting b. Cumulative votingIf 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.64. The manner of voting in the election of the Board of Directors in a stock corporation may be done through: * A. Straight Voting Only B. Cumulative Voting Only C. Straight or Cumulative Voting at the option of the Stockholder D. Straight Voting if the stockholder owns up to 5,000 shares of stocks E. Cumulative Voting if the stockholder owns up to 50,000 shares of stock
- 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. CumulativeStockholders 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. OwnersCumulative voting allows for meaningful participation by Select one: a. minority shareholders. b. preferred shareholders. c. institutional shareholders. d. bondholders. e. all stakeholders.
- If 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 shareholders
- If there are 10 directors to be elected and a shareholder owns 120 shares, calculate the maximum number of votes that he or she can cast for a favorite candidate under each of the voting methods.Issued shares are the Number of shares that have been distributed to shareholders Total number of shares that can be issued by the corporation at any time Number of shares that are owned by shareholders at the balance sheet date Number of shares the corporation has repurchased Non-cash assets invested into a partnership are recorded at * Zero Their original cost O Their carrying value Their fair market valueMatch 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