CORPORATION

Which of the following is not the characteristics of corporation

• separate legal entity

• limited liability

• mutual agency

• perpetual succession

7-ELEVEN MALAYSIA HOLDINGS BERHAD is an example of

• Public Companies

• Private Companies

A corporation is a business organisation registered under

• The Companies Act 2016

• The Companies Act 1965

• The Contract Act 2016

"Long term liability when a corporation obtains a loan through long term borrowing"

This is a definition of:

• Dividend

• Ordinary Share

• Retained earings

• Debenture

Preference Share Capital have voting rights at the annual general meeting

• TRUE

• FALSE

Capital reserve includes

• profit retained that is derived from trading activities

• profit retained that is derived from non trading activities

• dividends payable to preference and ordinary shares

A corporation tax is defined as a percentage of profit that the company required to pay to

• Shareholders

• Government

• Board of directors

• Revenue reserve

The dividend that is paid to the shareholders and does not required the approval of the shareholders is

• Interim dividend

• Final dividend

Choose the two elements equity of a corporation

• share capital

• taxation

• dividends

• reserves

Debentures are recorded as long term liabilities

• TRUE

• FALSE