Characteristics of a corporation.

 

 

1. Define a corporation and mention two characteristics of a corporation.

2. Explain the following:

a. Legal Entity

b. Stockholder

3. Define an organizational chart of a corporation

4. Define the following concepts:

a. Stockholder equity

b. Pain-in capital

c. Retained earnings

d. Dividend

e. Stock

5. Explain your understanding of the following:

a. Outstanding stock

b. Par value

c. Common stock

d. Preferred stock

e. Cummulative preferred stock

f. Premium

g. Discount

h. Stock split

i. Treasury stock

Sample Solution

A corporation was described by Chief Justice John Marshall as “an artificial being, invisible, intangible, and existing only in contemplation of law” in 1819. The legal view that a company is an entity separate and apart from the people who own it is based on this definition. A corporation’s life is specified in the charter that the state grants it, and the majority of contemporary corporations choose to have a permanent existence. A corporation’s ability to continue as a going concern is unaffected by the resignation, death, or disability of a stockholder, employee, or officer because it is a separate legal entity. The issuing of shares is a relatively simple way for a firm to raise funds.

Hadrian’s appearance in Britain was a flash that lighted a fire of progress and improvement. During the subsequent 100 years, quite a bit of London was obliterated by discharge, and when the nation was revamped to an area of around 325 sections of land, it turned into Rome’s biggest northern domain by far. Britons have generally consistently esteemed the wide open more than city life, as apparent by their plain urban communities and appealing nurseries, and hence a considerable lot of different urban communities that were revamped by the Romans wound up lessening in size, as opposed to growing. The occupants just needed to live in the excellence of nature, and moved out of their towns dramatically as the wide open was created. The most huge and dependable achievement during the time that Rome remade its English region was the plan and finish of Hadrian’s Wall.

Hadrian predicted a harmonious relationship that he and the British domain could share. It depended on his requirement for labor, which Britain had a lot to credit out. Consequently, Hadrian would strengthen the domain and shield it from the northern savages. His past mobilized security encounters generally gave him an extensive part of land to keep record of; yet since Britain was encircled by water in many bearings his most memorable motivation was to construct a wall. Thinking back on his battle at the Rhine-Danube district, that’s what hadrian knew whether a tactical power were to be compromised a fortification worked for retreat would just lead them far too much. His essential psyche persuaded him to think that portability was urgent in excess strategically hostile, so an arrangement of strongholds spread out to build the area of control and correspondence was his optimal choice.

Hadrian’s Wall started close to the River Tyne and extended the whole way to the Solway. It wasn’t intended to be monitored at each point along its length, yet rather go about as a framework that would drive the traffic of his foes. “Since its course was plotted starting with one normal benefit then onto the next, the wall appears to have picked the most troublesome course across the English open country.” It moves to soak precipices and grips to risky edges. Foe powers wouldn’t just manage a man-made wall in their way, yet by and large they wound up confronted with normal designs that made crossing the wall considerably more troublesome; also the trench on the north side of the wall that was 27 feet wide and nine feet down. “The entryways permitted the section of troops for activities toward the north and were places where non military personnel traffic among north and south could be controlled.” The wall was planned to be made of mortared brick work up until the River Irving, where limestone

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