The Revised Act Permits the Board of Directors to Adopt

question 39

Multiple Choice

The Revised Act permits the board of directors to adopt certain amendments without shareholder action.These amendments would include:

• A)extending the duration of the corporation if it was incorporated when limited duration was required by law.
• B)changing each issued and unissued authorized share of an outstanding class into a greater number of whole ^{shares if the corporation has only one class of shares.}
• C)making minor name changes.
• D)All of these.

---

Definitions:

Financing Activities

Transactions involving changes in the size and composition of the equity capital and borrowings of the entity.

Investing Activities

include transactions involving the purchase or sale of long-term assets and investments that are not part of the company’s day-to-day business operations.

Cash Dividends

Payments made by a corporation to its shareholder members, distributing a portion of the company's earnings in cash.

Operating Activities

Transactions and events that affect the net income of a business, reflected in its cash flow from operations and including everyday functions like selling products and paying wages.