Which of the Following Statements Is True Concerning the National

question 25

Multiple Choice

Which of the following statements is true concerning the National Funeral Directors Association?

• A)The association was founded in Milwaukee, Wisconsin.
• B)The first official journal produced by the association was funded by the Stein Casket Manufacturing Company.
• C)The first official journal produced by the association was entitled The Director.
• D)none of the above

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Definitions:

Retained Earnings

The portion of a business's profits not distributed to shareholders but reinvested in the business or held for future use.

Surplus Cash

Excess funds that a company retains over its necessary working capital and capital expenditure requirements, often available for investment or distribution.

Dividends

A portion of a company's earnings distributed to shareholders, often in the form of cash or additional stock.

Internal Revenue Code

The comprehensive set of tax laws in the United States, governed by the Internal Revenue Service (IRS), that dictates federal tax obligations.