Question: Select the FALSE statement concerning corporate terminology. A. A foreign corporation is a company that is created in another country, but doing business in the

Select the FALSE statement concerning corporate

Select the FALSE statement concerning corporate terminology. A. A foreign corporation is a company that is created in another country, but doing business in the U.S. B. An ultra vires act is an action taken by the board of directors in violation of a state statute or limitation in its corporate charter. C. To treat the corporation as an alter ego means to treat it as an extension of oneself. D. The Deep Rock Doctrine requires the corporation to pay outside loans first, subordinating loans from insider shareholders when the corporation was not initially built on a sound financial foundation E. Authorized shares are stated in the articles of incorporation

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