Difference between public and private corporation


Response to the following questions:

1. What information is contained in a corporation's articles of incorporation?

2. What is the difference between (a) a public and private corporation, (b) an open and closed corporation, and (c) a domestic and foreign corporation (as viewed by a particular state)?

3. What is (a) a stock certificate, (b) a stockholders' ledger, (c) a stock transfer journal, and (d) a transfer agent?

If possible, please give examples to better understand your response.

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Accounting Basics: Difference between public and private corporation
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