(a) The following terms pertain to the forming of a corporation: (1) Articles of incorporation (2) Bylaws...

Question:

(a) The following terms pertain to the forming of a corporation:

(1) Articles of incorporation

(2) Bylaws

(3) Organization costs.

Explain these terms.

(b) Donna Fleming believes a corporation must be incorporated in the province in which its head office is located. Is this correct? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Principles Volume 2

ISBN: 9781119786634

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

See More Books

Question Posted: Jan 24, 2023 02:44 AM

See More Questions

(a) The following terms pertain to the forming of a corporation: (1) charter, (2) by-laws, and (3) organization costs. Explain the terms. (b) Lisa Bast believes a corporation must be incorporated in...
(a) The following terms pertain to the forming of a corporation: (1) Charter, (2) By-Laws, and (3) Organization costs. Explain the terms. (b) Linda Merando believes a corporation must be incorporated...
a. The following terms pertain to the forming of a corporation: (1) Charter (2) By-laws. (3) Organization costs. Explain the terms. b. Donna Fleming believes a corporation must be incorporated in the...
For brands is it more important to create big idea that is required to drive a customer connection or can it be stifled by corporate requirements to measure performance with automation and generate...
Wen Corp., located in Manitoba, both purchases and constructs various pieces of equipment that it uses in its operations. The following items are for two different pieces of equipment and were...
Whelan Transfer manufactures conveyor belts. Early in August 2018, Whelan Transfer constructed its own building at a cost of $910,000 (for materials, labor, and overhead). Whelan Transfer paid cash...
Last year, Token Corporation reported $$1,230,000$ in sales with a cost of goods sold of $$520,000,$ and operating expenses of $$440,000.$ The increase in the firms retained earnings was...
The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year: The following transactions relating to payroll, payroll deductions, and...
a) Market refers to the mechanism through which all goods and services are voluntarily exchanged among different owners. Through price, markets allocate scarce resources among competing uses. Discuss...
Which leadership concepts and models are most illustrative of how Steve Jobs led? Which leadership concepts and models are most illustrative of how Tim Cook leads now?
Santiago Corp., a private corporation, received its articles of incorporation on January 3, 2024. It is authorized to issue an unlimited number of common shares and $1 preferred shares. It had the...
Juke Joint Ltd., a private company, began operations on March 12 by issuing 5,000 common shares for $20 cash per share. On September 10, the company issued 500 common shares in exchange for equipment...
Suppose we implement the median of three routine as follows: Find the median of a[left], a[center], a[right], and swap it with a[right]. Proceed with the normal partitioning step starting i at left...
Consider the following systems: Which of these systems can be modelled by the differential equation of form \[ a_{2} \frac{d^{2} y(t)}{d t^{2}}+a_{1} \frac{d y(t)}{d t}+a_{0} y(t)=x(t) \] (a) 1 and 2...
Match List-I (Physical action or activity) with List-II (Category of system) and select the correct answer using the codes given below the Lists: (a) (b) (c) (d) List I A. Human respiration system B....
A contest offers the winner $\$ 50,000$ now or $\$ 10,000$ now and $\$ 45,000$ in one year. Which is the better choice if the current interest rate is $2 \%$ compounded monthly and the winner...
Use the advertisement shown in Figure 11.12 as a basis for answering Problems 14-20. Assume the current interest rate is $1.7 \%$. Figure 11. 12 If the current interest rate is $2.5 \%$, which...
One of the joys of Amazon's business model is that customers pay straight away while suppliers are paid later. When a company is growing quickly, this mismatch (that is, the difference between days...
Consider five annual cash flows (the first occurring one year from today): Year Cash Flow 1 .................................. $5 2 .................................. 6 3...
What types of questions can be answered by analyzing financial statements?
On August 1, 2017, Chen Corporation, a public company, purchased $100,000 of Alaska Ltd. five-year, 7% bonds at par. The bonds were purchased for trading purposes and pay interest semi-annually on...
Following is information for Marcel Ltee's investments held for trading. Marcel is a public company and has a December 31 year end. 2017 Sept. 28 Purchased 3,500 shares of Cygman Limited for $40 per...
The following was reported by Church Financial in its December 31, 2017, financial statements: Short-term investments at FVTPL-equity, December 31, 2016$......11,000 Short-term investments at...
What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet??
In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dow's net income for the year ended December 31, 2011, was $2,100,000. The income tax rate is 40%. As part of...
Calculate annual depreciation for the first two years using each of the following methods. Round all amounts to the nearest dollar. 1. Straight-line. 2. Double-declining-balance. 3. Activity-based....

(a) The following terms pertain to the forming of a corporation: (1) Articles of incorporation (2) Bylaws...

Question:

Step by Step Answer:

a 1 Articles of incorporation form the companys constitution They include information such ...View the full answer

Accounting Principles Volume 2

Students also viewed these Business questions