Which of the Following Generally Is Not Required by a Certificate

question 102

Multiple Choice

Which of the following generally is not required by a Certificate of Incorporation?

• A)The names and the addresses of the incorporators
• B)A statement of the corporation's purpose
• C)A statement of how stock proceeds will be used
• D)The corporation's bylaws

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Definitions:

Revenue

The total income generated from normal business operations, including sales of products and services before any expenses are subtracted.

Liabilities

Debts or obligations of a business that arise during the course of its operations.

Withdrawals

Refers to the act of taking money out of a bank account, or in the context of partnerships, amounts taken out by partners for personal use.

Expenses

Costs incurred by a business in the process of earning revenues, including utilities, rent, payroll, and materials.