A stock ________ keeps stockholder records and prepares official lists of stockholders for stockholder meetings and dividend payments.
Fill in the blank(s) with the appropriate word(s).
registrar
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The Pines, a small motel in central Georgia, may be subject to federal regulation even though it is not close enough to the state borders to have many guests from other states
a. True b. False Indicate whether the statement is true or false
Which article of the Uniform Commercial Code (UCC) governs secured transactions in personal property?
A. Article 8 B. Article 9 C. Article 18 D. Article 19
If someone deliberately understates costs and thereby increases profits, this can cause the stock price to rise above its intrinsic value. The stock price will probably fall in the future. Also, those who participated in the fraud can be prosecuted, and the firm itself can be penalized.
Answer the following statement true (T) or false (F)
Which of the following statements regarding partnerships versus S corporations is false?
A. S corporation shareholders are not liable for entity debts, but general partners are liable for partnership debts. B. Partners are not permitted to be employees of their partnerships, but S corporation shareholders can be employees of their S corporation. C. Ordinary income allocated from both types of passthrough entities is subject to self-employment tax. D. Partnerships have more flexibility than S corporations in the manner in which items are allocated to the owners.