All shareholders of a corporation have the right to share in the profits of the corporation.Group of answer choicesTrueFalse

a part of the profit which is distributedto shareholders in a company

Which of the statements is incorrect?Group of answer choicesStockholders are liable only to the extent of their investment as represented by the shares subscribed by them.A corporation is created by law or by operation of law.A stockholder has the right to transfer his shares without prior consent of the other stockholders.A stockholder is liable personally for corporate debts to third persons.

Which type of business is owned by shareholders who buy stock in the company?A.CorporationB.Sole proprietorshipC.PartnershipD.Firm

A corporation can only issue one class or kind of share.Group of answer choicesTrueFalse

A shareholder has the right in the distribution of the corporate`s assets during _________________.a.Liquidationb.Dividend distributionc.Election of directorsd.Incorporation