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Give the components of a corporation

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Reference no: EM133116517

Question - Assignment - Accounting for Corporations Instructions:

Answer the following:

1. Define corporation. What are the essential attributes of corporations?

2. Give five advantages and four disadvantages of forming a corporation.

3. Differentiate a stock corporation from a non-stock corporation.

4. Give the components of a corporation.

5. Identify the kinds of corporation as to nationality and purpose.

6. Differentiate a public from a private corporation.

7. What are the steps involved in the creation of a corporation?

8. What is an articles of incorporation?

9. What are the rights of a shareholder?

10. Distinguish par value stock from no-par value stock.

11. What is the purpose of having an independent directors in the board?

12. What is the amount of share capital to be subscribed and paid for the purpose of incorporation? Illustrate.

Reference no: EM133116517

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