A Foreign Corporation That Has Not Obtained a Certificate of Authority

question 60

True/False

A foreign corporation that has not obtained a certificate of authority to do business in a state can nevertheless maintain an action in the state's courts.

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Definitions:

Comprehensive Income

A measure of all changes in equity of a company during a period from transactions and other events from non-owner sources. It includes all revenues and gains, expenses and losses.

Finance Costs

Expenses associated with borrowing money, including interest payments, bank charges, and other related costs.