Which of the Following Is Correct About the History of Corporations

question 16

Multiple Choice

Which of the following is correct about the history of corporations?

• A) In the late 18^th century,general incorporation statutes emerged in the United States.
• B) From the 18^th century onward,France started giving privileges of incorporation to mercantile ventures.
• C) Early American corporations received special privileges from state legislatures.
• D) In England,the corporate form was used extensively after the 16^th century.

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Definitions:

Discount On Bonds Payable

The difference by which a bond's selling price is less than its face value, which effectively increases the interest yield for investors.

Additional Paid-In Capital

An amount paid by investors for shares that exceeds the par value of the shares; it reflects the excess amount investors are willing to pay above the nominal value.

Market Value Method

An accounting method that assesses assets and liabilities based on their current market prices rather than historical cost.

Book Value

The net value of a company's assets as found on its balance sheet, calculated by subtracting total liabilities from total assets.