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Dividends are which one of the following? a. Payable at the discretion of a firm's president b. Treated as a tax-deductible expense to the paying

Dividends are which one of the following?

a. Payable at the discretion of a firm's president

b. Treated as a tax-deductible expense to the paying firm

c. Paid out of aftertax profits

d. Paid to holders of record as of the declaration date

e. Only partially taxable to high-income individual shareholders

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