Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

U. An anulnicial person 41. Tara and Hassan want to from and do business as Travel & Dine, Inc. They will serve as the firm's

image text in transcribed
U. An anulnicial person 41. Tara and Hassan want to from and do business as Travel & Dine, Inc. They will serve as the firm's directors and officers, and will initially hold all of the stock in the company. A corporation is owned by a. The officers b. The employees c. The shareholders d. The board of directors 42. Huckleberry and Schmendrick are shareholders in Sunny Fun Corporation, a Mexican corporation doing business in Texas. In Texas this corporation is considered a. An alien corporation b. An illegal corporation c. A domestic corporation d. A foreign corporation 43. Tulip Corporation is incorporated in North Carolina. In that state, Tulip is a. A non-entity b. A foreign corporation c. A domestic corporation d. An alien corporation 44. Patrick incorporates his business as Slick Wire Inc. In Arizona. He and his group of shareholders intend to make a profit from their sales of fencing wire. Slick Wire is a. b. c. d. A benefit corporation A nonprofit corporation Not a corporation A private corporation 45. The shares of Big Loan Corporation are publicly traded in securities markets. Big Loan Corporation a. b. c. d. A public corporation A publicly held corporation A close corporation A privately held corporation

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

Quality And GMP Auditing Clear And Simple

Authors: James L. Vesper

1st Edition

0367400901, 978-0367400903

More Books

Students also viewed these Accounting questions