Information concerning the stock of a corporation must be outlined in the articles of incorporation.

a. true
b. false

A. True

Explanation:

The company's incorporation article is a series of official documents submitted to a government agency to legitimize the establishment of a company. The articles of incorporation must contain the relevant information, such as company name, street address, representative of the operation service and the number and type of shares, stocks to be issued. The article of incorporation is sometimes called "charter of the company", "charter of the association" or "constituent document". The charter of the association is the documentation required for a company to be registered with the government and acts as an arrangement to recognize the establishment of a company. The document summarizes the basic information required to set up a company, the institutional rules of the state in which the management of a company and the charter of the association are submitted.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o