Fill in the Blank Questions
169. _______________________ are responsible for and have final authority for managing a corporation's activities.
170. A corporation is responsible for its own acts and debts as the corporation is considered a ____________________________________.
171. The _______________________ protects stockholders' proportional interest in a corporation by allowing them to purchase their proportional share of any common stock later issued by the corporation.
172. ________________________ is the number of shares that a corporation's charter allows it to sell.
173. _____________________ is a general term that refers to any shares issued to obtain owner financing in a corporation.
174. _____________________ is the amount at which a stock is bought and sold.
175. _____________________ is a class of stock assigned a value by the corporation in its charter.
176. Stock that is not assigned a value per share by the corporate charter is called __________________.
177. No-par stock to which the directors assign a value per share is called _______________________.
178. The total amount of cash and other assets the corporation receives from its stockholders in exchange for common stock is called __________________________.