Which of the following is not a legal restriction related to profit distributions by a corporation?
a. the amount distributed to owners must be in compliance with the state laws governing
corporations.
b. the amount distributed in any one year can never exceed the net income reported for
that year.
c. profit distributions must be formally approved by the board of directors.
d. dividends must be in full agreement with the capital stock contracts as to preferences
and participation.
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Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.
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Which of the following is not a legal restriction related to profit distributions by a corporation?...
Mathematics, 28.06.2020 15:01
Mathematics, 28.06.2020 15:01
Mathematics, 28.06.2020 15:01
Mathematics, 28.06.2020 15:01