Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

12. Stockholders' Equity

Characteristics of a Corporation

Financial Accounting

12. Stockholders' Equity

Characteristics of a Corporation

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which group is elected by stockholders to oversee management in a corporation?

Board of Directors

Chief Executive Officer (CEO)

Shareholders' Equity Committee

Audit Committee

Previous problemNext problem

Verified step by step guidance

Understand the role of stockholders in a corporation: Stockholders are the owners of the corporation and have voting rights to elect representatives who oversee the management.

Identify the primary group responsible for overseeing management: The Board of Directors is elected by stockholders to represent their interests and ensure the corporation is managed effectively.

Clarify the roles of other groups mentioned: The Chief Executive Officer (CEO) is appointed by the Board of Directors to manage the day-to-day operations. The Shareholders' Equity Committee and Audit Committee are specialized groups that may exist within the corporation but are not elected by stockholders to oversee management.

Recognize the governance structure: The Board of Directors acts as the governing body that sets policies, makes major decisions, and ensures accountability of the executive team.

Conclude that the correct answer is the Board of Directors, as they are directly elected by stockholders to oversee management in a corporation.