Kari Jonas believes a corporation must be incorporated in the state in which its headquarters office is
Question:
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
No Kari is not correct A corporation must be incorporated in onl...View the full answer
Answered By
Anthony Ngatia
I have three academic degrees i.e bachelors degree in Education(English & Literature),bachelors degree in business administration(entrepreneurship option),and masters degree in business administration(strategic management) in addition to a diploma in business management.I have spent much of my life in the academia where I have taught at high school,middle level colleges level and at university level.I have been an active academic essays writer since 2011 where I have worked with some of the most reputable essay companies based in Europe and in the US.I have over the years perfected my academic writing skills as a result of tackling numerous different assignments.I do not plagiarize and I maintain competitive quality in all the assignments that I handle.I am driven by strong work ethics and a firm conviction that I should "Do Unto others as I would Like them to do to me".
4.80+
76+ Reviews
152+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-0470507018
7th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
Hertz Corporation is incorporated in the state of Delaware and has its headquarters in the state of New Jersey. Melinda Friend, a California citizen, sued the Hertz Corporation in California state...
-
Cindy Krug believes a corporation must be incorporated in the state in which its headquarters office is located. Is Cindy correct? Explain.
-
Kim Brown believes a corporation must be incorporated in the state in which its headquarters office is located. Is Kim correct? Explain.
-
EFG Manufacturing, a private company, produces light bulbs. It has 100 employees. 15 of their employees have asked for short breaks during the workday for religious purposes. They have also asked for...
-
You are a manager responsible for choosing one new project to support. Each project has merit, and you feel that they all have an equal chance of success. As the meeting comes to a close, your team...
-
Here is a random-number generator you can make yourself: Start with some number, Seed. Let X1 = Seed + . Let The first random number is Random = X2 Integer(X2), where Integer(X2) is the integer part...
-
What impact does the availability of funds have on management's evEiluation of capital investment opportunities? LO.1
-
Management is responsible for establishing effective internal control for its organization, including measures to prevent, deter, and detect fraud. Appendix 7A on pages 294296 describes antifraud...
-
1 Measuring net income for a merchandiser is conceptually the same as for a service company. 2 For a merchandiser, sales less operating expenses is called gross profit 3. For a merchandiser, the...
-
The Co-op in problem 6 has discovered that it should establish a safety stock for its sweatshirts. It wants to use a reorder point system with a two week lead time. The demand over a two-week...
-
(a) Your friend Veena Gall cannot understand how the characteristic of corporation management is both an advantage and a disadvantage. Clarify this problem for Veena. (b) Identify and explain two...
-
The corporate charter of Sokol Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first two years of operations, Sokol sold 80,000 shares to stockholders and...
-
Prepare journal entries to record the following transactions involving the short-term securities investments of Krum Co., all of which occurred during year 2017. a. On August 1, paid $450,000 cash to...
-
Arrow Company processes a food seasoning powder through its Compounding and Packaging departments. In the Compounding Department, direct materials are added at the beginning of the process, and...
-
The 2017 financial statements of LVMH Moet Hennessey Louis Vuitton S.A. are presented in Appendix C at the end of this book. LVMH is a Paris-based holding company and one of the world's largest and...
-
Repeat Problem 10.E1, except design a packed column using 1-in. metal Pall rings. Do the calculations at the top of the column. Approximate HETP for ethanol-water is \(0.366 \mathrm{~m}\). At...
-
We are separating an ethanol-water mixture in a column operating at atmospheric pressure with a total condenser and a partial reboiler. Constant molal overflow (CMO) can be assumed, and reflux is a...
-
Corporate Social Responsibility Problem The Global Reporting Initiative (GRI) is a networkbased organization that has pioneered the development of the world's most widely used sustainability...
-
The journal entries in the Working Papers relate to Jeans Car Repair for its second month of operation. The balances of the accounts as of June 30 have been recorded in the accounts in the ledger....
-
A company produces earbuds. The revenue from the sale of x units of these earbuds is R = 8x. The cost to produce x units of earbuds is C = 3x + 1500. In what interval will the company at least break...
-
What are the dimensions of a rectangle whose area is x 2 - 4x - 165 square feet?
-
Give the formulas under the direct method for computing (a) Cash receipts from customers and (b) Cash payments to suppliers.
-
Garcia Inc. reported sales of $2 million for 2010.Accounts receivable decreased $200,000 and accounts payable increased $300,000. Compute cash receipts from customers, assuming that the receivable...
-
In its 2007 statement of cash flows, what amount did PepsiCo report for net cash (a) Provided by operating activities, (b) Used for investing activities, and (c) Used for financing activities?
-
Vaughn Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the...
-
To fund your dream around-the-world vacation, you plan to save $1,300 per year for the next 14 years starting one year from now. If you can earn an interest rate of 5.83 percent, how much will you...
-
On NSE (Indian stock exchange), shares of ICICI Bank trade for 935 rupees. If the spot exchange rate is USD 0.012, what is the no-arbitrage USD price of ICICI Bank ADR? Assume that transactions costs...
Study smarter with the SolutionInn App