ACCOUTING PRIN SET LL INCLUSIVE
ACCOUTING PRIN SET LL INCLUSIVE
14th Edition
ISBN: 9781119815327
Author: Weygandt
Publisher: WILEY
Question
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Chapter 13, Problem 3Q

(a)

To determine

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit.

To Explain: Charter, by-laws and organizational costs.

(b)

To determine

To Explain: Corporation must be incorporated in the state in which its headquarters office is located.

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