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Which of the Following Acts Is Seen as Conclusive Proof

question 37

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Which of the following acts is seen as conclusive proof for the existence of a corporation?


Definitions:

Loss on Discontinuance

A financial loss that occurs as a result of the cessation of a business unit or operation.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in using its assets to generate sales.

Profit Margin

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects receivables or the speed of their customer payments.

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