Chapter 11 Corporation

Which of the following is not the characteristics of corporation

• separate legal entity

• limited liability

• mutual agency

• perpetual succession

MEGAH HOLDING BERHAD is an example of

• Public Companies

• Private Companies

Preference Share Capital have voting rights at the annual general meeting

• TRUE

• FALSE

Choose the two elements equity of a corporation

• share capital

• taxation

• dividends

• reserves

Choose the two elements equity of a corporation

• share capital

• taxation

• dividends

• reserves

Debentures are recorded as long term liabilities

• TRUE

• FALSE

Which of the following will appear in SOPL of a corporation?

• Ordinary shares

• Director's remuneration

• General reserve

• Audit fee payable