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

question 61

True/False

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

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Definitions:

Equity Method

An accounting technique used to record the investments in other companies where the investor has significant influence but does not have full control.

Common Stock

Common stock represents a type of ownership in a corporation, giving holders voting rights and a share in the company's profitability through dividends and capital appreciation.

Brokerage Fee

A fee charged by a broker to execute transactions or provide specialized services.

Fair Value Method

An accounting approach used to assess and assign a market-based value to liabilities and assets.