Under the Revised Act, a Corporation Can Act as an Incorporator

question 36

True/False

Under the Revised Act, a corporation can act as an incorporator of another corporation.

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Definitions:

Revenue from Stock Investments

Income earned from the ownership of shares in other companies, including dividends received and gains from sales of these shares.

Investee

A company or entity in which an investor holds a minority stake, not sufficient to exercise control over it.

Dividend Revenue

Income earned from owning shares in a company, typically paid out of the company's profits.

Equity Method

An accounting technique used when a company holds significant influence over another company but does not have full control, involving recording investments at original cost and adjusting for the share of profit or loss.