A(n)________ Is One That Has Been Formed Properly by Incorporators

question 19

Multiple Choice

A(n) ________ is one that has been formed properly by incorporators who followed all of the steps outlined by the state incorporation statute.

• A)corporation by estoppel
• B)de facto corporation
• C)de jure corporation
• D)alien corporation

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Definitions:

Segment Analysis

The practice of analyzing different business segments or units within a company to assess their performance or profitability.

Purchases Journal

A record keeping document where a business records all purchases of merchandise for resale.

Subsidiary Ledger

A detailed ledger containing the details of transactions for a specific account, supplementing the general ledger by providing individual entries.

General Ledger

The comprehensive set of accounts that records all financial transactions of a business.