Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

n terms of Act 69 OF 1984, the formation and juristic personality of close corporations are as follows, EXCEPT: Select one: a. Any one or

image text in transcribed

n terms of Act 69 OF 1984, the formation and juristic personality of close corporations are as follows, EXCEPT: Select one: a. Any one or more persons, not exceeding ten, who qualify for membership of a close corporation in terms of this Act, may form a close corporation and secure its incorporation by complying with the requirements of this Act in respect of the registration of its founding statement. b. A corporation shall have the capacity and powers of a natural person of full capacity in so far as a juristic person is capable of having such capacity or of exercising such powers. c. A corporation formed in accordance with the provisions of this Act is on registration in terms of those provisions a juristic person and continues, irrespective of the provisions of this Act, to exist as a juristic person notwithstanding changes in its membership until it is in terms of this Act deregistered or dissolved. d. Subject to the provisions of this Act, the members of a corporation shall not merely by reason of their membership be liable for the liabilities or obligations of the corporation. Which financial statement shows the position of enterprise at a particular date? Select one: a. Statement, of financial position b. Statement of Cash flow c. Statement of comprehensive income

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

More Books

Students also viewed these Accounting questions