Assuming No Special Provision in the Articles of Incorporation,special Shareholder

question 68

Multiple Choice

Assuming no special provision in the articles of incorporation,special shareholder meetings may be called by:

• A) the president of the company.
• B) any individual director.
• C) any individual shareholder.
• D) holders of at least 10% of shares.

---

Definitions:

Decrease Stockholders' Equity

A reduction in the value of ownership interest in a company, often due to losses, dividend payments, or share buybacks.

Income Statement

A financial document that reports a company's revenues, expenses, and net income over a specific period.

March 31

The date which marks the end of the first quarter in the calendar year for many financial and academic institutions.

Accounting Equation

The fundamental principle of accounting that states assets equal liabilities plus owner's equity, providing the basis for double-entry bookkeeping.