An Individual Buys 200 Shares of General Electric Corporation Stock

question 1912

True/False

An individual buys 200 shares of General Electric Corporation stock. In lieu of receiving quarterly dividends, the individual signs an agreement to have dividends reinvested by GE into additional shares of stock. The individual does not receive dividend checks so he need not recognize the quarterly dividends for tax purposes.

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Definitions:

Deliveries

The process of transporting goods from one place to another, as well as the handover of those goods to their intended recipient.

Legal Age

The age at which an individual is considered legally competent to consent to certain activities, such as voting, drinking alcohol, and entering into contracts.

Good Moral Character

A set of qualities that includes honesty, integrity, and ethics, often evaluated in legal or professional contexts.

Approved Medical School

An educational institution recognized by the appropriate governmental or professional bodies for providing quality medical education leading to a degree in medicine.