A distribution from a corporation to a shareholder will only be treated as a dividend for tax purposes if the distribution is paid out of current or accumulated earnings and profits.

a. True

b. False

A small company has 5000 shares. Scott owns 250 of these shares. The company decides to split these shares. What is scotts ownership percentage after the split?

You have been asked to estimate the market value of an apartment complex that is producing annual net operating income of $44,500.

Margaret, a consumer in a DTPA lawsuit, was able to prove that the licensee in her suit knowingly failed to disclose information. What type of damages is Margaret entitled to?

Forest Beach Company experienced an event that had the following effects on its financial statements. Balance sheet Income Statement Statement of Assets = Liab. + Equity Rev. - Exp. = Net Inc.

Why is it important to people with disabilities to get an adapted drivers license?

An insurance policy written after 1988 that fails to pass the seven-pay test is known as

Stewart Parnell, the former CEO of the now-bankrupt Peanut Corporation of America, was charged with falsifying food safety reports required by the FDA. The reports certified that his peanut base product was salmonella free.

On average, someone with a bachelor's degree is estimated to earn times more than someone with a high school diploma? A: 1.2 B: 1.4 C: 1.6 D: 1.8

When making investments, your primary motivation should be: To make money To save on taxes To have a lot of investments To show your agent,

Dinklage Corp. has 6 million shares of common stock outstanding. The current share price is $72, and the book value per share is $7. The company also has two bond issues outstanding.