Question

question 17 (2.5 points)
under the sarbanes-oxley act of 2002, chief corporate executives must certify the accuracy of information in corporate financial statements and reports that are filed with the securities and exchange commission.
true
false
question 18 (2.5 points)
when a corporation is dissolved shareholders will get paid before creditors.
true
false
question 19 (2.5 points)
green envy corporation is incorporated in south carolina. in that state, green envy is
a) a non-entity.
b) an alien corporation.
c) a domestic corporation.
d) a foreign corporation.

Explanation:

Question 17

The Sarbanes - Oxley Act of 2002 requires chief corporate executives to certify the accuracy of financial statements and reports filed with the SEC.

When a corporation is dissolved, creditors are paid before shareholders as creditors have a legal claim on the corporation's assets before equity holders (shareholders).

A domestic corporation is one that is incorporated in the state where it is operating. Since Green Envy is incorporated in South Carolina and the question is about its status in that state, it is a domestic corporation. A non - entity is incorrect as it is a corporation. An alien corporation is one incorporated outside the country, and a foreign corporation is one incorporated in another state (not the state in question).

Answer:

True

Question 18