Accounting for Prelim Flashcards
1
Q
a corporation is registered in
A
Securities and Exchange Commission
2
Q
it is owned by not less than 15 individuals
A
Cooperative
3
Q
a cooperative is formed in accordance with the provision of _
A
The Philippine Cooperative Code of 2008
4
Q
pertains to a profit that cooperative returns to its owners
A
Patronage Refund
5
Q
a cooperative is registered with a
A
Cooperative Development Authority
6
Q
a corporation has a legal life of
A
50 years
