Regular Dividends Are Declared Out of

question 7

Multiple Choice

Regular dividends are declared out of

• A) Paid-in Capital in Excess of Par.
• B) Treasury Stock.
• C) Common Stock.
• D) Retained Earnings.

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Definitions:

Execution

The carrying out of a court order or judgment, or the process of putting a plan, order, or course of action into effect.

Pretermitted

In the law of wills, an heir born after the execution of the testator’s will.

Testator's Will

The legal document through which a person (the testator) expresses their wishes as to how their property is to be distributed after death.

Attorney-In-Fact

An agent who is given express, written authorization by his principal to do a particular act or series of acts on behalf of the principal.