The cost of retained earnings is less than the cost of new common stock because
A) flotation costs are incurred when new stock is issued.
B) accounting rules allow a deduction when using retained earnings.
C) dividends are not tax deductible.
D) marginal tax brackets increase.
A
Business
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Any activity which seeks to earn a profit by providing a good or service is known as a(n):
A. industry B. corporation C. business D. service
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Because there are so many different publics, public relations professionals often serve as mediators between management and these constituent groups upon whom organizations depend
Indicate whether the statement is true or false
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