The ________ Is the Basic Governing Document of a Corporation

question 15

Multiple Choice

The ________ is the basic governing document of a corporation which must be filed with the secretary of state of the state of incorporation.

• A) debt security
• B) redeemable stock
• C) certificate of authority
• D) articles of incorporation

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Definitions:

Tax Treatment

Refers to the method or rules applied in determining how an item or situation is taxed, affecting the financial outcome.

Rental Income

Income received from renting out property, such as houses or apartments, which is subject to tax.

Gross Income

The total income from all sources before any deductions or taxes are applied.

Net Income

The total earnings of a person or company after all expenses and taxes have been subtracted from total revenue.