________ Are the Basic Governing Documents of a Corporation Which

question 16

Multiple Choice

________ are the basic governing documents of a corporation which must be drafted and filed with,and approved by,the state before the corporation can be officially incorporated.

• A)Debt securities
• B)Debentures
• C)Certificates of authority
• D)Articles of incorporation

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Definitions:

Adjusted Balance

The account balance after adjustments have been made for interest, payments, and charges.

Bank Statement

A document issued by a bank summarizing an account's transactions, including deposits, withdrawals, and current balance, over a specific period.

Deposits In Transit

Deposits made in a bank account that have not yet been processed and posted by the bank to the depositor's account balance.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn on, leading to a "non-sufficient funds" status.