MCQ Which of the following is true regarding corporations? * 1 point Corporate charters are issued by the federal government. A corporation is a separate legal entity that may sue and be sued as if it were a person. A proxy is a temporary president hired by the board of directors. The president and various vice presidents are elected by the stockholders. Which of the following is not a characteristic of current liabilities? * 1 point They are due within one year or within the operating cycle, whichever is longer. They may involve estimated amounts. They may be replaced with a new short-term liability rather than being paid in cash. All three of the above are characteristic of current liabilities. 1 point When a company sells bonds, the bondholders are permitted to vote for the board of directors. * True False * If a bond is selling at 102, it is selling at: 1 point A premium. $102 per bond. Maturity value and yields a 2% interest rate, A discount This is a required question Which of the following does not affect the market price of an outstanding 1 point bond issue? * The length of time remaining until the bonds' maturity date. Fluctuations in the current market rate of interest. The price at which the bonds were originally issued. The credit rating of the issuing corporation