Question
14. Cash dividends and treasury stock purchases ________. A. may be restricted as a way to lower federal income tax expense B. make more resources
14. Cash dividends and treasury stock purchases ________.
A. may be restricted as a way to lower federal income tax expense
B. make more resources available to pay liabilities
C. represent cash payments that are made to ensure higher reported profits
D. may be limited by creditors to ensure that the company maintains a minimum level of stockholders' equity
16. William Smith is a sole proprietor of a successful business. He is interested in incorporating to protect his personal assets.Which entity type he should organize ?
A. Corporation
B. Limited Liability Company
C. Partnership
D. Joint Venture
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