Reference no: EM132812782
Problem 1: The par value of ordinary shares is equal to?
a. the amount received by the corporation when the stock was originally issued
b. the amount of which the stock is currently trading in the stock market
c. a designated peso amount per share established in the articles of incorporation
d. all of the choices
Problem 2: These regulate the various internal matters regarding the calling and conducting of meeting of shareholders and directors.
a. By-laws
b. Minutes of the meeting
c. Articles of Incorporation
d. Voting trust agreement
Problem 3: A corporation created by or existing under Philippine laws
a. Public Corporation
b. Domestic Corporation
c. Open Corporation
d. Subsidiary Corporation
Problem 4: If shares are issued for a non-cash asset, the share should be recorded at
a. fair market value
b. cost
c. zero
d. par or stated value
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