Is it possible for a shareholder to obtain personal use of corporate funds without first declaring a

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Is it possible for a shareholder to obtain personal use of corporate funds without first declaring a dividend or salary? Explain.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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