Discuss how the RMBCA defines the term "distribution."
A distribution is "a direct or indirect transfer of money or other property (except its own shares) or incurrence of indebtedness by a corporation to or for the benefit of its shareholders in respect of any of its shares. A distribution may be in the form of a declaration or payment of a dividend; a purchase, redemption, or other acquisition of shares; a distribution of indebtedness; or otherwise." Distributions include cash dividends, property dividends, and liquidating dividends. Acquisition of and redemption of shares also constitute distributions. Stock splits and stock dividends are not considered distributions.
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A publicly accessible web page that serves as an interactive journal is called a tweet.
Answer the following statement true (T) or false (F)
Which of the following is not required before a corporation can pay a cash dividend?
a. stock having a par value; b. an adequate cash balance; c. declaration of a dividend; d. unrestricted retained earnings; e. all of these are required
Coalitions are typically built by
A. organizing members through formal meetings. B. unification in a single, defining event. C. mobilizing departments or divisions. D. adding one member at a time.
Use the following information to calculate cash paid for income taxes: Income Tax Expense$46,000?Income Tax Payable, January 1 10,000?Income Tax Payable, December 31 11,400?
A. $56,000. B. $44,600. C. $24,600. D. $46,000. E. $57,400.