Only a Few Corporations Have Shares That,on the Dissolution of the Corporation,are

question 53

True/False

Only a few corporations have shares that,on the dissolution of the corporation,are entitled to receive the property of the corporation remaining after all the creditors and prior claim holders have been paid.

---

Definitions:

Trial Balance

An accounting report that lists the balances of all ledgers accounts to check the arithmetic accuracy of bookkeeping entries.

Double-Entry Bookkeeping System

An accounting method that records each transaction in two accounts, debit and credit, to ensure the books are always balanced.

Transaction

Dealing accomplished.

Columns

Vertical structures designed to support a building or other structures, or a vertical division in a page layout or table.