C.P.A. Law Questions and Answers

C.P.A. Law Questions and Answers

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During that year it earned a net income from all sources amounting to $35, 000. In January, 1930, the board of directors declared a dividend of $10, 000 out of the 1929 profits. Would this dividend have been legal in your state? Answer.

Title:C.P.A. Law Questions and Answers
Author:American Institute of Certified Public Accountants. Board of Examiners
Publisher: - 1925


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