According to the Revised Model Business Corporations Act (RMBCA), What

question 55

Multiple Choice

According to the Revised Model Business Corporations Act (RMBCA) , what establishes a quorum to hold a meeting of the shareholders?

• A) a majority of outstanding shares
• B) a majority of unissued shares
• C) a majority of treasury shares
• D) a majority of liquidated shares

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Definitions:

Operating Activities

Activities directly related to the day-to-day operations of a business, including the production, sales, and delivery of the company's product and services.

Indirect Method

A way of calculating cash flows in the cash flow statement, where net income is adjusted for changes in balance sheet accounts to reflect cash transactions.

Voting Stock

Shares of a corporation that give the shareholder the right to vote on matters of corporate policy and on the selection of the board of directors.

Cash Dividend

A disbursement from a corporation to its stockholders, typically coming from its earnings.