Hopi Corporation Expects the Following Operating Results for Next Year

question 246

Multiple Choice

Hopi Corporation expects the following operating results for next year: What is Hopi expecting total fixed expenses to be next year?

• A)$75,000
• B)$100,000
• C)$200,000
• D)$225,000

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Definitions:

Charter Issued

The granting of legal authorization or a set of rights and privileges from a government or authority to create and operate an organization.

Incorporator

An individual or entity that establishes and files the legal documentation required to form and register a corporation.

Articles of Incorporation

A document filed with a state government to legally document the creation of a corporation.

Corporation

A legal entity that is separate and distinct from its owners, which can enter into contracts, own assets, sue and be sued.