One of the steps involved in the formation of a corporation is the issue of shares to the stockholders.
What is a corporation?
A corporation is a business organization, which is registered and recognized as per the Company Laws of the regions that such corporations operate in.
The capital of a corporation is divided into small units, also known as common stock. The subscribers or the bearers of such stock are regarded as stockholders.
Hence, option D; Corporation is formed with an intention of distribution of stock to the stockholders.
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