A) Are cash dividends paid on treasury stock? Why or why not? (Be specific. This question is not addressing legality; its addressing the conceptual issue.)

B)How is the value of the capital stock accounts (as presented on the balance sheet) determined? (Be specific with respect to the formula that would be used. You could also be asked this as part of a numerical question, as was shown in one of the lectures.)

C)For which of the legal forms of organization is direct taxation of profits typically cited as a major disadvantage? (List all that apply.)

D) For which of the legal forms of organization is limited liability typically cited as a major advantage? (List all that apply.)