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Ex 1 - Please describe or define the following Corporate characteristics. a) Owners - b) Transfer of ownership - c) Who hires the Chief Executive

Ex 1 - Please describe or define the following Corporate characteristics. a) Owners - b) Transfer of ownership - c) Who hires the Chief Executive Officer (CEO) - d) Balance Sheet Section that changes the most - e) Limited Liabilities - f) Tax on Corporate Net Income - g) Double Taxation - h) Initial Public Offering (IPO) - i) Treasury Stock - j) Number of shares 1) Authorized, 2) Issued, 3) Outstanding - k) Par Value - l) Cummulative

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