What Are Some of the Matters Involving Fundamental Changes in the Corporation

question 63

Multiple Choice

What are some of the matters involving fundamental changes in the corporation?

• A) Amendments to articles of incorporation
• B) Sale or lease of all or substantially all of the corporate assets not in the regular course of business
• C) Mergers,consolidations,compulsory share exchanges
• D) All of these

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Definitions:

Paid-In Capital

Funds received from investors in exchange for common or preferred stock.

Dividend Preference

A feature of preferred shares granting holders the right to receive dividends before common shareholders in the event of a dividend distribution.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividends that are paid out before those of common shareholders.

Treasury Stock

Securities initially released and afterward repurchased by the issuer, lessening the total shares actively traded in the market.