Examlex
For purposes of the estimated tax payment rules, a "large corporation" is defined as a corporation that had taxable income of $1 million or more in any of the three preceding years.
Corporation's Board of Directors
A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.
Liability
A financial obligation or amount owed by a company to external parties or creditors, which must be settled through the transfer of assets or services.
Common Stock
A form of corporate equity ownership, a type of security representing ownership in a corporation.
Financing Activity
Transactions involving the exchange of financial instruments, typically related to the borrowing, repaying, or raising of capital for a company.
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