All of the Following Would Constitute a "Fundamental Change" to the Corporation

question 4

Multiple Choice

All of the following would constitute a "fundamental change" to the corporation EXCEPT:

• A) an amendment to the articles of incorporation.
• B) a merger.
• C) a stock dividend.
• D) selling off 60% of the business assets not in the regular course of business.

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Definitions:

Materials Cost

The total expense incurred in acquiring raw materials used in the manufacturing process of products.

Work in Process

Goods that are currently being manufactured but have not been finished.

Beginning Work in Process

The inventory of partially finished goods or work in progress at the start of an accounting period.

Units Transferred Out

In process costing, the total units moved from one production process or department to the next during a given period.