6/17/2020Weekly Quiz 6: Attempt review Home/My Courses/ACCT701-AP1-STACKED-37793-SUMMER2020/Module 6: June 15 - June 21/Weekly Quiz 6 Question Correct Mark 1.50 out of 1.50 (T/F) A corporation must be incorporated in each state in which it does business. 1 Started onWednesday, June 17, 2020, 3:59 PM StateFinished Completed onWednesday, June 17, 2020, 4:16 PM Time taken16 mins 58 secs Grade15.00out of 15.00 (100%) Select one: True FalseThe correct answer is 'False'.
Question Correct (T/F) Cash dividends are not a liability of the corporation until they are declared by the board of directors. 2 Mark 1.50 out of
1.50 QuestionCorrect Mark 1.50 out of 1.50 (T / F) "Capital stock authorized" is the maximum number of shares of stock that a corporation can issue as designated in its charter. 3 True False The correct answer is 'True'.
