A Corporation That Operates in Texas but Is Incorporated in Nevada

question 105

Multiple Choice

A corporation that operates in Texas but is incorporated in Nevada is viewed as a

• A)foreign corporation in Texas
• B)foreign corporation in Nevada
• C)public corporation in Texas
• D)public corporation in Nevada

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Definitions:

Assets Sold

The sale of company assets, which could include equipment, properties, or other resources owned by the company.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest.

Liabilities

Financial obligations owed by a business to creditors, including loans, accounts payable, and any other debts.

Owner's Equity

The amount of the business that belongs to the owners minus any liabilities owed by the business.