Which of the following is false regarding involuntary liquidation?
A. The secretary of state can compel involuntary dissolution if the corporation did not have a registered agent or office in the state for 60 days or more.
B. The secretary of state can compel involuntary dissolution if the corporation failed to pay taxes within 60 days of the due date.
C. The secretary of state can compel involuntary dissolution of the corporation if the corporation's duration as specified in its articles of incorporation has expired.
D. Individual shareholders may not petition the state to order dissolution.
E. The state may initiate dissolution procedures.
Answer: D
You might also like to view...
Karin has to make a presentation on the new social media policy. She wants to make it creative primarily because
A. co-workers will try to find excuses to skip the presentation so it doesn't really matter. B. it is more effective if you present your message more as a colorful story with emotion than as a detail-laden report. C. it will show off her presentation skills to her coworkers. D. she's bored doing routine PowerPoints and wants to have some fun with this project. E. employees will resent having a social media policy and this can distract them from the main point.
The inventory costing method that reflects the cost flow in the reverse order and will report the earliest costs in ending inventory is
A) First in first out B) Last in first out C) Average cost D) Specific identification
The schedule of cost of goods manufactured is divided into four parts consisting of all of the following except:
A. Overhead. B. Direct materials. C. Computation of cost of goods sold. D. Computation of cost of goods manufactured. E. Direct labor.
The usefulness of the title or introductory page is:
A. questionable, especially to investors. B. that it contains backup data. C. such that it requires several pages. D. that it provides information about the company.