A corporation incurs income tax expense only if it pays dividends to stockholders

Select one: True False

==========

Charleston Corporation has the following accounts at December 31: Common Stock, $10 par 7,000 shares issued, $70,000; Paid-in Capital in Excess of Par $10,000; Retained Earnings $40,000; and Treasury StockCommon, 500 shares, $15,000. Accordingly, total stockholders' equity is $110,000

Select one: True False

--------------- I do not want a detailed answer. I just want the final answer as soon as possible. Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir