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WHHC's board meets to discuss the case. They have generated a surplus of $750,000 over the past year but decide they cannot distribute the entire
WHHC's board meets to discuss the case. They have generated a surplus of $750,000 over the past year but decide they cannot distribute the entire surplus to the members because of the $500,000 lawsuit. They hold back $500,000 in case they lose the litigation and distribute the remining surplus of $250,000 as a dividend.
Issue #5 Corporation issues
-Profit vs non-profit corporations
-Shareholder financial rights
-Distribution of dividends
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