In States That Follow the Model Business Corporation Act, the Foreign

question 17

Multiple Choice

In states that follow the Model Business Corporation Act, the foreign corporation is not required to________ when applying for authority to transact business in that state.

• A) file an application for a certificate of au- thority with the secretary of state or other appropriate state authority
• B) designate a registered agent and regis- tered office for service of process in the foreign state
• C) file a copy of the corporation's articles of incorporation with the secretary of state or other appropriate state authority of the foreign state
• D) file a certificate of existence (or certificate of good standing) from the foreign corpo- ration's state of domicile with the secre- tary of state or other appropriate state authority of the foreign state

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Definitions:

Special Journals

Journals that record similar types of transactions, such as all credit sales.

Sales Returns

Goods returned by customers after purchase, reducing the total sales revenue.

Cash Payments Journal

An accounting ledger that tracks all cash payments made by a business, including expenses, debt payments, and purchases.