A De Jure Corporation Is One That Is One That

question 55

True/False

A de jure corporation is one that is one that has substantially complied with all requirements for incorporation.

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Definitions:

Trial Balance

A worksheet used in accounting that compiles all ledger balances into matching total amounts in debit and credit columns.

Debit Totals

An aggregate amount of all debits recorded in an accounting period, indicating resources used or expenses.

Credit Totals

The sum of all credit entries made in the accounting ledger, used in balancing the books.

Patents

Exclusive rights to produce and sell goods with one or more unique features.