If there is sufficient E & P, a distribution of nonconvertible preferred stock to common shareholders is taxable
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: As a general rule, stock dividends are excluded from income only if they are pro rata distributions of stock or stock rights, paid on common stock. A non pro rata distribution would be taxable. The question provides no information about whether the distribution was (or was not) pro rata, so the correct answer is false.
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A) depreciation expense B) an increase in inventory C) a gain on the sale of equipment D) dividends declared and paid
____________ came up with the novel idea of an arrivals lounge for its terminals to serve passengers arriving early in the morning after a long overnight flight from the Americas, Asia, Africa, and Australia
a. Singapore Airlines b. British Airways c. Delta Airlines d. Continental Airlines e. Trans World Airlines
What is a disadvantage of external recruiting?
A. An internal candidate may have better qualifications for the job opening B. The pool of applicants will vary based on the size of the labor market C. The pool of applicants is significantly smaller than in internal recruiting D. The candidate may look good on paper but have no organizational experience E. Success at one company doesn’t necessarily mean success at another company
Which of the following is a consequence of having a global supply chain?
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