Which of the Following Will NOT End the Existence of a Corporation

question 43

Multiple Choice

Which of the following will NOT end the existence of a corporation?

• A)a dissolution order by the court
• B)the death of all shareholders in a single accident
• C)a resolution of the shareholders
• D)a failure to pay the annual corporation franchise fee
• E)a failure to comply with statutory regulations

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Definitions:

Simple Interest

Interest calculated only on the principal amount, without compounding on accumulated interest.

Selling Price

The amount of money for which a product or service is sold to customers.

Revolving Line of Credit

A credit facility extended by a financial institution to a customer that allows the customer to borrow up to a certain limit, pay down the balance, and then borrow again.

Simple Interest

Interest calculation method that involves multiplying the principal amount by the interest rate and the term of the loan or investment, without compounding.