Exam 36: Corporate Formation and Financing

Common stockholders receive dividends declared by the board of directors.

A corporation in the United States that has been incorporated in another country is referred to as a(n)________ corporation.

A long-term debt security that is secured by some form of collateral is referred to as a ________.

Corporations are not allowed to enter into contracts in their own name.

Which of the following can dismiss the existence of a corporation?

Which of the following is true for a corporation's liability on the promoters' contracts if the corporation is never formed?

The articles of incorporation must contain the name and address of every incorporator.

A contract between a corporation and a holder that contains the terms of a debt security is known as a(n)________.

Give an account of publicly held and closely held corporation.

The earnings of a not-for-profit corporation are distributed among its members.

Bylaws of a corporation must be filed with a government official.

Which of the following must necessarily be met for a corporation to elect as a statutory close corporation?

Which of the following is true of a C Corporation?

A detailed set of rules adopted by the board of directors after a corporation is incorporated that contains provisions for managing the business and the affairs of the corporation are referred to as ________.

Which of the following elects members of the board of directors for a corporation?

A(n)________ is the basic governing documents of a corporation which must be filed with the secretary of state of the state of incorporation.

An S corporation cannot have more than 100 shareholders.

Only outstanding shares have the right to vote.

Which of the following is true for a corporation's incorporation in a state?

Owners of a corporation who elect the board of directors and vote on fundamental changes in the corporation are known as ________.