The Record of the Issuance and Transfer of Shares for the Life

question 116

Multiple Choice

The record of the issuance and transfer of shares for the life of the corporation is maintained in the:

• A) shareholders' master file.
• B) schedule of shareholders.
• C) share register.
• D) corporate directory.

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Definitions:

Freight Charges

Costs associated with the transportation of goods, typically paid by the shipper to the carrier.

Inventory Purchase

The acquisition of goods and materials that a company holds for the purpose of resale or production.

Perpetual Inventory System

An accounting method that records inventory purchases and sales in real-time, providing a constant update of inventory levels.

FOB Shipping Point

is a term used in shipping, where the buyer becomes responsible for goods once they are shipped, and must pay for the transport costs.