Intro of Corporation

Apple was founded in April 1976 by Steve Jobs and has become a tech giant. However, Steve Jobs died on October 5, 2011. Even though he is no longer alive, the Apple company still runs until now.

State which of the characteristics suits the situation.

• Limited liability

• Perpetual succession

• No mutual agency

What is different between shares and debenture?

• Shares: Loan

  Debenture: Capital

• Shares: Capital

  Debenture: Loan

• Shares: Asset

  Debenture: Expense

• Shares: Expense

  Debenture: Asset

Corporation has their agreement just like a partnership

• True

• False

In 2017, profit of Nobita Bhd to distribute to the shareholders is RM 40,000. Preference shareholders dividend is fixed for RM50,000.

How much ordinary shareholders will receive?

• RM40,000

• RM50,000

• RM 0

• (RM10,000)

What is example of a public limited company?

• Public Bank Bhd

• Telekom Malaysia Berhad

• Tenaga Nasional Bhd

• 99 Speed Mart Sdn. Bhd.

Debenture holders are

• Debtors of the company

• Owners of the company

• Creditors of the company

• Vendors of the company

Element of equity consist

• Share capital

• Dividend

• Debenture

• Reserve

Once registered, the company is _____ by the provisions of the Companies Act where the company has _____ as a person.

• bound, legal rights

• bound, legal directory

• legal, rights

Issued share capital represent an investment by the creditors of the company.

• True

• False

In the event of liquidation , the corporation will settle the payment based on the order :

• PSC, OCS, Creditors

• OSC, PSC, Creditors

• PSC , Creditors, OSC

• Creditors, PSC , OSC