SlideShare a Scribd company logo
1 of 1
Instructions: Indicate whether each of the following statements is true or false. 1. The
corporation is an entity separate and distinct from its owners. 2. The two common ways to
classify corporations are by purpose and by ownership. 3. It is relatively easy for a corporation to
obtain capital through the issuance of stock. 4. The by-laws indicates the amount of stock that a
corporation is authorized to sell. 5. When a corporation has only one class of stock, it is called
preferred stock. 6. No-par value stock is fairly common today. 7. The issuance of common stock
to the investors is the sole responsibility of the investment banking firm. 8. The authorization of
capital stock does not result in a formal accounting entry. 9. Net income is recorded in Retained
Earnings by a closing entry that debits Income Summary and credits Retained Earnings. 10.
Treasury stock is a corporation's own stock that it has issued and subsequently reacquired from
shareholders but not retired.

More Related Content

Similar to Instructions- Indicate whether each of the following statements is tru (1).docx

Presentation on Introduction to Mutual Funds Investing.pptx
Presentation on Introduction to Mutual Funds Investing.pptxPresentation on Introduction to Mutual Funds Investing.pptx
Presentation on Introduction to Mutual Funds Investing.pptx
Lakshmipriyanka Asi
 
Question 1a. Net asset value = Market value of the portfolio (as.docx
Question 1a. Net asset value = Market value of the portfolio (as.docxQuestion 1a. Net asset value = Market value of the portfolio (as.docx
Question 1a. Net asset value = Market value of the portfolio (as.docx
makdul
 
RUNNING HEAD TEAM 1 TASK 9 1TASK.docx
RUNNING HEAD TEAM 1 TASK 9          1TASK.docxRUNNING HEAD TEAM 1 TASK 9          1TASK.docx
RUNNING HEAD TEAM 1 TASK 9 1TASK.docx
jeanettehully
 
DOC-20240419-WA0019. (1).pdfvvvvvvvbbbbb
DOC-20240419-WA0019. (1).pdfvvvvvvvbbbbbDOC-20240419-WA0019. (1).pdfvvvvvvvbbbbb
DOC-20240419-WA0019. (1).pdfvvvvvvvbbbbb
redminoteproplus795
 
Fundamentals of Corporate Finance. Chapter 17 Payout Policy. 1) Wh.pdf
Fundamentals of Corporate Finance. Chapter 17 Payout Policy. 1) Wh.pdfFundamentals of Corporate Finance. Chapter 17 Payout Policy. 1) Wh.pdf
Fundamentals of Corporate Finance. Chapter 17 Payout Policy. 1) Wh.pdf
ammanelectronic
 
ch12 CORPORATIONS ORGANIZATION, STOCK TRANSACTIONS, DIVIDENDS, AND RETAINED E...
ch12 CORPORATIONS ORGANIZATION, STOCK TRANSACTIONS, DIVIDENDS, AND RETAINED E...ch12 CORPORATIONS ORGANIZATION, STOCK TRANSACTIONS, DIVIDENDS, AND RETAINED E...
ch12 CORPORATIONS ORGANIZATION, STOCK TRANSACTIONS, DIVIDENDS, AND RETAINED E...
JemalSeid25
 

Similar to Instructions- Indicate whether each of the following statements is tru (1).docx (20)

Elements of financial management & working capital
Elements of financial management & working capitalElements of financial management & working capital
Elements of financial management & working capital
 
Presentation1
Presentation1Presentation1
Presentation1
 
Mutual fund
Mutual fundMutual fund
Mutual fund
 
Presentation on Introduction to Mutual Funds Investing.pptx
Presentation on Introduction to Mutual Funds Investing.pptxPresentation on Introduction to Mutual Funds Investing.pptx
Presentation on Introduction to Mutual Funds Investing.pptx
 
Corporate Dividend policy
Corporate Dividend policyCorporate Dividend policy
Corporate Dividend policy
 
Share capital 111.pptx
Share capital 111.pptxShare capital 111.pptx
Share capital 111.pptx
 
Question 1a. Net asset value = Market value of the portfolio (as.docx
Question 1a. Net asset value = Market value of the portfolio (as.docxQuestion 1a. Net asset value = Market value of the portfolio (as.docx
Question 1a. Net asset value = Market value of the portfolio (as.docx
 
RUNNING HEAD TEAM 1 TASK 9 1TASK.docx
RUNNING HEAD TEAM 1 TASK 9          1TASK.docxRUNNING HEAD TEAM 1 TASK 9          1TASK.docx
RUNNING HEAD TEAM 1 TASK 9 1TASK.docx
 
Investment management chapter 6 investing in stocks and bonds
Investment management chapter 6 investing in stocks and bondsInvestment management chapter 6 investing in stocks and bonds
Investment management chapter 6 investing in stocks and bonds
 
Notes of dividend and interest
Notes of dividend and interestNotes of dividend and interest
Notes of dividend and interest
 
Merit and the demerits of investing in the cse, (fem, slim)
Merit and the demerits of investing in the cse,  (fem, slim)Merit and the demerits of investing in the cse,  (fem, slim)
Merit and the demerits of investing in the cse, (fem, slim)
 
The company law
The company lawThe company law
The company law
 
DOC-20240419-WA0019. (1).pdfvvvvvvvbbbbb
DOC-20240419-WA0019. (1).pdfvvvvvvvbbbbbDOC-20240419-WA0019. (1).pdfvvvvvvvbbbbb
DOC-20240419-WA0019. (1).pdfvvvvvvvbbbbb
 
Financial Assistance - Copy.pptx
Financial Assistance - Copy.pptxFinancial Assistance - Copy.pptx
Financial Assistance - Copy.pptx
 
Share Capital
	Share Capital	Share Capital
Share Capital
 
Fundamentals of Corporate Finance. Chapter 17 Payout Policy. 1) Wh.pdf
Fundamentals of Corporate Finance. Chapter 17 Payout Policy. 1) Wh.pdfFundamentals of Corporate Finance. Chapter 17 Payout Policy. 1) Wh.pdf
Fundamentals of Corporate Finance. Chapter 17 Payout Policy. 1) Wh.pdf
 
Accounting 500 2
Accounting 500  2Accounting 500  2
Accounting 500 2
 
ch12 CORPORATIONS ORGANIZATION, STOCK TRANSACTIONS, DIVIDENDS, AND RETAINED E...
ch12 CORPORATIONS ORGANIZATION, STOCK TRANSACTIONS, DIVIDENDS, AND RETAINED E...ch12 CORPORATIONS ORGANIZATION, STOCK TRANSACTIONS, DIVIDENDS, AND RETAINED E...
ch12 CORPORATIONS ORGANIZATION, STOCK TRANSACTIONS, DIVIDENDS, AND RETAINED E...
 
Accounting 500-2
Accounting 500-2Accounting 500-2
Accounting 500-2
 
MAhmed_2355_17641_4_Lecture_dividend_policy.ppt
MAhmed_2355_17641_4_Lecture_dividend_policy.pptMAhmed_2355_17641_4_Lecture_dividend_policy.ppt
MAhmed_2355_17641_4_Lecture_dividend_policy.ppt
 

More from MichaelQEBMartinc

More from MichaelQEBMartinc (20)

int FUNCTION(unsigned int process_id) -{ task_t processes-MAX_PROCESSE.docx
int FUNCTION(unsigned int process_id) -{ task_t processes-MAX_PROCESSE.docxint FUNCTION(unsigned int process_id) -{ task_t processes-MAX_PROCESSE.docx
int FUNCTION(unsigned int process_id) -{ task_t processes-MAX_PROCESSE.docx
 
Instructions- Please answer all questions in FULL sentences- Use APA.docx
Instructions-  Please answer all questions in FULL sentences-  Use APA.docxInstructions-  Please answer all questions in FULL sentences-  Use APA.docx
Instructions- Please answer all questions in FULL sentences- Use APA.docx
 
Instructions Part 1- Compare and contrast the similarities and differe.docx
Instructions Part 1- Compare and contrast the similarities and differe.docxInstructions Part 1- Compare and contrast the similarities and differe.docx
Instructions Part 1- Compare and contrast the similarities and differe.docx
 
Instructions Assign ICD-10-CM codes after interpreting coding conventi.docx
Instructions Assign ICD-10-CM codes after interpreting coding conventi.docxInstructions Assign ICD-10-CM codes after interpreting coding conventi.docx
Instructions Assign ICD-10-CM codes after interpreting coding conventi.docx
 
Instructions Amount Hershey needs- $1 billion to build four new manufa.docx
Instructions Amount Hershey needs- $1 billion to build four new manufa.docxInstructions Amount Hershey needs- $1 billion to build four new manufa.docx
Instructions Amount Hershey needs- $1 billion to build four new manufa.docx
 
Insertion Sort- 7- Copy paste the card images to the empty cells below.docx
Insertion Sort- 7- Copy paste the card images to the empty cells below.docxInsertion Sort- 7- Copy paste the card images to the empty cells below.docx
Insertion Sort- 7- Copy paste the card images to the empty cells below.docx
 
Input of preparatory reaction (1-2) Output of preparatory reaction (2-.docx
Input of preparatory reaction (1-2) Output of preparatory reaction (2-.docxInput of preparatory reaction (1-2) Output of preparatory reaction (2-.docx
Input of preparatory reaction (1-2) Output of preparatory reaction (2-.docx
 
Innovative Consulting Co- has the foliowhg accounts in its jodper Cash.docx
Innovative Consulting Co- has the foliowhg accounts in its jodper Cash.docxInnovative Consulting Co- has the foliowhg accounts in its jodper Cash.docx
Innovative Consulting Co- has the foliowhg accounts in its jodper Cash.docx
 
Information Technology Project Management Which of these types of p.docx
Information Technology Project Management    Which of these types of p.docxInformation Technology Project Management    Which of these types of p.docx
Information Technology Project Management Which of these types of p.docx
 
Indicate whether the following items can be classified on a statement.docx
Indicate whether the following items can be classified on a statement.docxIndicate whether the following items can be classified on a statement.docx
Indicate whether the following items can be classified on a statement.docx
 
Indigo Inc- uses a calendar year for financial reporting- The company (1).docx
Indigo Inc- uses a calendar year for financial reporting- The company (1).docxIndigo Inc- uses a calendar year for financial reporting- The company (1).docx
Indigo Inc- uses a calendar year for financial reporting- The company (1).docx
 
Income statement information for Martincz Tire Repair Corporation for.docx
Income statement information for Martincz Tire Repair Corporation for.docxIncome statement information for Martincz Tire Repair Corporation for.docx
Income statement information for Martincz Tire Repair Corporation for.docx
 
In your initial post- present an area or a country that currently has.docx
In your initial post- present an area or a country that currently has.docxIn your initial post- present an area or a country that currently has.docx
In your initial post- present an area or a country that currently has.docx
 
include calculations Problem 4- Consider the system x1-x13x2x2-x1x2 Is.docx
include calculations Problem 4- Consider the system x1-x13x2x2-x1x2 Is.docxinclude calculations Problem 4- Consider the system x1-x13x2x2-x1x2 Is.docx
include calculations Problem 4- Consider the system x1-x13x2x2-x1x2 Is.docx
 
In what areas will oxygen move into the blood- In the lungs None of th.docx
In what areas will oxygen move into the blood- In the lungs None of th.docxIn what areas will oxygen move into the blood- In the lungs None of th.docx
In what areas will oxygen move into the blood- In the lungs None of th.docx
 
In the Stevens Case- the Supreme Court determined that the defendant-.docx
In the Stevens Case- the Supreme Court determined that the defendant-.docxIn the Stevens Case- the Supreme Court determined that the defendant-.docx
In the Stevens Case- the Supreme Court determined that the defendant-.docx
 
In the last few years- many healthcare organizations have had challeng.docx
In the last few years- many healthcare organizations have had challeng.docxIn the last few years- many healthcare organizations have had challeng.docx
In the last few years- many healthcare organizations have had challeng.docx
 
In the plot below- the y-axis represented fractional saturation (Y) an.docx
In the plot below- the y-axis represented fractional saturation (Y) an.docxIn the plot below- the y-axis represented fractional saturation (Y) an.docx
In the plot below- the y-axis represented fractional saturation (Y) an.docx
 
In the histology image shown below- letter A represents the - Select-.docx
In the histology image shown below- letter A represents the - Select-.docxIn the histology image shown below- letter A represents the - Select-.docx
In the histology image shown below- letter A represents the - Select-.docx
 
In the image below- the path of light (black wiggly lines) from a star.docx
In the image below- the path of light (black wiggly lines) from a star.docxIn the image below- the path of light (black wiggly lines) from a star.docx
In the image below- the path of light (black wiggly lines) from a star.docx
 

Recently uploaded

Recently uploaded (20)

Our Environment Class 10 Science Notes pdf
Our Environment Class 10 Science Notes pdfOur Environment Class 10 Science Notes pdf
Our Environment Class 10 Science Notes pdf
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
Economic Importance Of Fungi In Food Additives
Economic Importance Of Fungi In Food AdditivesEconomic Importance Of Fungi In Food Additives
Economic Importance Of Fungi In Food Additives
 
How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
Play hard learn harder: The Serious Business of Play
Play hard learn harder:  The Serious Business of PlayPlay hard learn harder:  The Serious Business of Play
Play hard learn harder: The Serious Business of Play
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptxOn_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docx
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
PANDITA RAMABAI- Indian political thought GENDER.pptx
PANDITA RAMABAI- Indian political thought GENDER.pptxPANDITA RAMABAI- Indian political thought GENDER.pptx
PANDITA RAMABAI- Indian political thought GENDER.pptx
 
Details on CBSE Compartment Exam.pptx1111
Details on CBSE Compartment Exam.pptx1111Details on CBSE Compartment Exam.pptx1111
Details on CBSE Compartment Exam.pptx1111
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
21st_Century_Skills_Framework_Final_Presentation_2.pptx
21st_Century_Skills_Framework_Final_Presentation_2.pptx21st_Century_Skills_Framework_Final_Presentation_2.pptx
21st_Century_Skills_Framework_Final_Presentation_2.pptx
 
Model Attribute _rec_name in the Odoo 17
Model Attribute _rec_name in the Odoo 17Model Attribute _rec_name in the Odoo 17
Model Attribute _rec_name in the Odoo 17
 
Wellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxWellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptx
 

Instructions- Indicate whether each of the following statements is tru (1).docx

  • 1. Instructions: Indicate whether each of the following statements is true or false. 1. The corporation is an entity separate and distinct from its owners. 2. The two common ways to classify corporations are by purpose and by ownership. 3. It is relatively easy for a corporation to obtain capital through the issuance of stock. 4. The by-laws indicates the amount of stock that a corporation is authorized to sell. 5. When a corporation has only one class of stock, it is called preferred stock. 6. No-par value stock is fairly common today. 7. The issuance of common stock to the investors is the sole responsibility of the investment banking firm. 8. The authorization of capital stock does not result in a formal accounting entry. 9. Net income is recorded in Retained Earnings by a closing entry that debits Income Summary and credits Retained Earnings. 10. Treasury stock is a corporation's own stock that it has issued and subsequently reacquired from shareholders but not retired.