A(n) ________ is a clause that can be included in the articles of incorporation that stipulates the activities that the corporation can engage in. The corporation can engage in no other purposes or activities

A) ultra vires clause
B) dissolution clause
C) general purpose clause
D) limited purpose clause


D

Business

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The following data are taken from the comparative balance sheets of Grayling Company. Compute and interpret its accounts receivable turnover for Year 2. Competitors average a turnover of 7.5. How is the company doing in relation to its competitors??Year 2Year 1Accounts receivable, net180,230220,450Net sales1,500,7501,495,600

What will be an ideal response?

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Answer the following statement true (T) or false (F)

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Why is a shifting interest mechanism included in a securitization where the collateral is residential mortgage loans?

What will be an ideal response?

Business