Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
14th Edition
ISBN: 9780133507690
Author: Lawrence J. Gitman, Chad J. Zutter
Publisher: PEARSON
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Chapter 1.1, Problem 1.4RQ
Summary Introduction

To discuss: The relationships and roles among the parties in a corporation and ways wherein the corporate owners rewarded for the risks they undertake.

Introduction:

A particular legal entity that separates itself from its owners is termed as corporations. In this form of business, the owners indicate certain governing rules to undertake the business in a contract knows as the articles of incorporation. This contract is submitted to the government of the state. Later, when the state issues a charter that makes the separate legal entity.

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