Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Listed below are various classifications of corporations. Following the list is a series of descriptive statements. Required: Match the corporate classifications to the descriptive statements

Listed below are various classifications of corporations. Following the list is a series of descriptive statements.

Required: Match the corporate classifications to the descriptive statements that best describe them.

.

Public corporations

Open corporations

.

Stock companies

Domestic corporations

Closed corporations

Non-stock companies

.

Foreign corporations

A.

Companies that do not issue stock or operate for profit.

B.

As viewed by a state, companies that are incorporated in that state.

C.

Companies owned or operated by governmental units.

D.

Companies that issue stock and operate for profit.

E.

Companies whose stock is available for purchase by the public.

F.

Companies that do not allow the sale of their stock to the general public.

G.

As viewed by a state, companies operating within that state that are incorporated in another state.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Glomont Auditing And Attestation AICPA Released Questions CPA Exam Review 2022

Authors: Glomont, American Institute Of Certified Public Accountants, AICPA

1st Edition

B0BF31GQMC, 979-8353524045

More Books

Students also viewed these Accounting questions