In Order to Form a Corporation,the Corporation Must Obtain a Charter

question 42

Multiple Choice

In order to form a corporation,the corporation must obtain a charter from:

• A)The federal government.
• B)A state government.
• C)The Securities and Exchange Commission.
• D)The stockholders of the corporation.

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Definitions:

Book Value

The value of an asset according to its balance sheet account balance, typically calculated as the asset's cost minus any accumulated depreciation.

Stock Issuance

The process by which a company issues new shares of stock to raise capital for business operations or expansions.

Adjusted Book Value

The book value of a company after adjustments have been made for assets and liabilities that may be overvalued or undervalued.

Investment Account

A financial account held by an investor with a brokerage or financial institution, primarily used for holding stocks, bonds, mutual funds, and other securities.