Which of the following is most likely to be found in state laws regarding payment of dividends?
a. Dividends may be paid from legal capital.
b. Retained earnings are available for dividends unless restricted by contract or by statute.
c. Unrealized capital is available for any type of dividend.
d. Capital from donated assets is available for dividends.
B
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Although the accrual basis of accounting is an excellent method for measuring profitability, it does not explain why a company's liquidity has improved or worsened
a. True b. False Indicate whether the statement is true or false
Interest on bonds is tax deductible.
Answer the following statement true (T) or false (F)
In a shipment contract, title and risk of loss pass to the buyer when the goods are properly tendered at the destination point
a. True b. False Indicate whether the statement is true or false
Discuss the meaning of each of these terms, and arrange them in their expected sequence in a civil trial
a. discovery b. answer c. complaint d. judgment proof e. settlement conference f. voir dire g. peremptory challenge