II$.$ Identification. $^11.$ A $(\_\_$ corporation is one which is widely held, and is owned or controlled by private individuals or entities. $2.$ Referring to No$.1,$ its main objectives are $(\_\_$ and to remain solvent. $3.$ A corporation whose capital is divided into shares of stock and whose owners receive distribution of profits is known as a $1$ corporation. $4.$ The opposite of No$.3,$ it is generally a non$-$profit organization, usually put up for educational, charitable or a specific mission, and is referred to as a corporation. $5.$ A $(\_)$ corporation is one whose ownership is not open to the general public but is held by a family or a small group of stockholders. $6.$ The most important advantage of the corporation, whose ownership is open to the general public, is $^1$ Shaum's Outline Series $-$ Theory and Problems of Accounting I I, $2^$nd ed$.$ By: James A$.$ Cashim and Joel J$.$ Lerner. Accounting $2-$ Partnership and Corporation Accounting $807.$ The most important advantage offered by a corporation to its stockholders is the $8.$ The top$-$policy making body of a corporation, elected by the stockholders, and vested by law with its over all management and protection of stockholders' interest, is known as $$ and $9.$ The major sources of corporate capital are $10.$ The $(\_\_)$ is the government agency which regulates the formation and operation of a corporation. $11.$ The document filed with the answer to No$.10,$ containing such information as purposes for which the corporation as organized, names and subscription of incorporations, and authorized capital stock, is known as $().12.$ The document containing the rules and regulations governing the internal administration and organization of the corporation is called $(\_)13.$ A $(\_\_)$ preferred stock is one which is entitled to payment of dividends in arrears before any dividends are paid to common. $14.$ The most important advantage of common Stock over preferred stock is $().15.$ The right to maintain the same fractional interest in the corporation by having priority to purchase a proportionate number of shares of any additional issuance of stock is known as