Which of the Following Must a Corporation Do First When

question 27

Multiple Choice

Which of the following must a corporation do first when initiating voluntary dissolution procedures?

• A)The directors must resign.
• B)The officers must resign.
• C)The court must appoint a receiver.
• D)The directors must file articles of dissolution with the secretary of state.
• E)The directors must notify the local court with jurisdiction over any claims.

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Definitions:

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Probability Distribution

A mathematical function outlining every potential value and associated probabilities a random variable may assume in a specified interval.

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The gain or loss on a stock investment, expressed as a percentage of the investment’s initial cost.

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A portfolio that offers the highest expected return for a given level of risk, according to modern portfolio theory.