All of the following are true statements concerning the use of stocks EXCEPT:
a. There is no legal obligation to pay dividends.
b. The sale of stock can improve the balance sheet.
c. Shareholders never have to be repaid.
d. Firms give up some control to voting shareholders.
e. Dividends are paid out of pre-tax profits.
e. Dividends are paid out of pre-tax profits.
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A company has a petty cash fund amount of $300. When replenished, it has petty cash tickets of $30 for gas expense, $33 for postage expense, $16 for supplies expense, and $12 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited for ________.
A) $91 B) $75 C) $63 D) $79
Which of the following are elements of nonverbal communication and professional presence?
A) Team work and writing skills B) Oral communication and the ability to process information C) Confidence and technical knowledge D) Polish, confidence, and passion E) Team work and technical knowledge
The canned sales presentation can be distinguished from the need-satisfaction approach by its _____
a. focus on the customer's demographics b. high training costs c. repetitive nature d. attention to a customer's product-related needs
Stock certificates are tangible personal property
Indicate whether the statement is true or false