527 Test Material No30 Rating Name Date Year and Section Professor MULTIPLE

527 test material no30 rating name date year and

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Test Material No.30 Rating Name Date Year and Section Professor MULTIPLE CHOICE – Theory and Problems Instructions: Encircle the letter of the best answer. Show supporting computations in good form in a separate worksheet. 1.Which of the following would not be considered a characteristic of a corporation? a.Separate legal entityb.Limited liability of shareholders c.Mutual agencyd.Both a and c 2.Which of the following statements describing a corporation is not true? 3.The per value of a share capital 4.Which of the following is NOT one of the basic rights of a shareholder? 5.The ownership of share capital entitles ordinary shareholders to all of the following rightsEXCEPT: a.Voting rightb.right to receive a proportionate share of assets in corporate liquidation c.right to receive guaranteed dividendsd.preemptive rights 528
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6.Which of the following statements about preference share capital is NOT true? 7.The maximum number of shares of stocks that the government gives a corporationpermission to issue is the
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  • Fall '17
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