Question

Listed below are various classifications of corporations. Following the list is a series of descriptive statements.

Required: Match the corporate classifications to the descriptive statements that best describe them.

.	Public corporations
	Open corporations
.	Stock companies
	Domestic corporations
	Closed corporations
	Non-stock companies
.	Foreign corporations

A.	Companies that do not issue stock or operate for profit.
B.	As viewed by a state, companies that are incorporated in that state.
C.	Companies owned or operated by governmental units.
D.	Companies that issue stock and operate for profit.
E.	Companies whose stock is available for purchase by the public.
F.	Companies that do not allow the sale of their stock to the general public.
G.	As viewed by a state, companies operating within that state that are incorporated in another state.

Answer 1

• Answer is provided as asked

Corporations	Answer
Public corporations	C.	Companies owned or operated by governmental units.
Open corporations	E.	Companies whose stock is available for purchase by the public.
Stock companies	D.	Companies that issue stock and operate for profit.
Domestic corporations	B.	As viewed by a state, companies that are incorporated in that state.
Closed corporations	F.	Companies that do not allow the sale of their stock to the general public.
Non-stock companies	A.	Companies that do not issue stock or operate for profit.
Foreign corporations	G.	As viewed by a state, companies operating within that state that are incorporated in another state.