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What is the right of succession

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Reference no: EM132960363

Discussion Questions -

Q1. What is a corporation? What are the essential characteristics of a corporation based on its definition?

Q2. What is the right of succession?

Q3. What are the similarities of a corporation and a partnership?

Q4. In what aspects is a corporation different from a partnership?

Q5. What are the advantages offered by a corporation over a partnership?

Q6. In what ways may a corporation be classified? Give the different classes of a corporation.

Q7. What are the steps in organizing a private corporation? Discuss each step.

Q8. What types of information are contained in the articles of incorporation? In the corporate by-laws?

Q9. What are the methods of accounting for share capital transactions? Distinguish the two methods.

Q10. What is contributed capital in a corporation? Give the ledger balances that form part of contributed capital.

Q11. How is the balance of Subscription Receivable shown in the statement of financial position?

Q12. Using the journal entry method, how is the issued share capital determined?

Q13. What are the options available to a corporation when a subscriber fails to pay the balance of his subscription?

Reference no: EM132960363

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