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true false questions 1 a corporation is a legal entity separate from its owners 2 co 4296290

 

True / False Questions
 

1.A corporation is a legal entity separate from its owners. 
 
 

2.Corporations avoid many of the state regulations and controls that proprietorships and partnerships are subject to. 
 
 

3.Organization expenses of a corporation often include legal fees and promoter fees. 
 
 

4.Shareholders in a corporation have the power to bind the corporation to contracts. 
 
 

5.A proxy is a document that gives a designated agent the right to vote a shareholder's stock. 
 
 

6.Common shareholders always share equally with all other shareholders in dividends. 
 
 

7.A preemptive right means shareholders can purchase their proportional share of common stock issued later by the corporation. 
 
 

8.Stock is attractive to investors because stockholders are not liable for the corporation's actions and debts and because stock is easily transferred. 
 
 

9.A registrar keeps stockholder records and prepares official lists of stockholders and dividend payments. 
 
 

10.Stockholders' equity consists of paid-in capital and retained earnings. 
 
 

 

 

 

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