The Board of Directors decided to pay 50% of the firms $460,000 earnings in dividends to the stockholders. The firm has retained earnings of 680,000 on the books. After the dividends are paid which of the following statements is true about the firms retained earnings account?
A. The new value of the firms retained earnings is $910,000
B. The new value of the firms retained earnings is $450,000
C. The firm failed to reach its profit:
D. Each shareholder will receive more than he or she received last year
E. The firms retained earnings are too high
A. The new value of the firms retained earnings is $910,000
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The main reason cases are not brought under the Reconstruction Era Act is the requirement for proving intentional discrimination.
a. true b. false
Mary is planning to form a corporation to manufacture and distribute electric solar panels. She
will sell the panels only in the Rocky Mountain states. These panels will be manufactured at two factories, one in Illinois and one in Florida. The headquarters of this company will be in Louisiana. In which state(s) could Mary incorporate this business? A) Louisiana or any state in which the products are sold B) Florida, Illinois, or Louisiana C) Any of the fifty states D) Florida, Illinois, Louisiana, or any state in which the products are sold E) Louisiana only