Which of the following statements regarding constructive dividends is not correct?
a. Constructive dividends do not need to be formally declared or designated as a dividend.
b. Constructive dividends need not be paid pro rata to the shareholders.
c. Corporations that receive constructive dividends may not use the dividends received deduction.
d. Constructive dividends are taxable as dividends only to the extent of earnings and profits.
e. All of the above.
c
RATIONALE: For tax purposes, constructive dividends are treated as actual distributions from the corporation. Corporations that receive constructive dividends can include them when computing the dividends received deduction.
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Which of the following is a requirement for swift trust?
A) The manager must let the team members eliminate misunderstandings among themselves. B) The manager must have significant cultural knowledge and sensitivity to handle the virtual team. C) Team members must know each other's faiths before starting a project. D) Team members must learn a common language to communicate better.
Most religion-oriented marketing activity in America can be traced to the ________ community
A) Jewish B) Baby Boomer C) Muslim D) born-again Christian