Answer
Corporation must be incorporated in the state in which its headquarters office is located, is not correct.
Work Step by Step
Ot is to the company's advantage to incorporate in a state whose laws are favorable to the business
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 11 - Reporting and Analyzing Stockholders' Equity - Questions - Page 603: 3
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
