All of the Following Are Recognized as Reasons for Accumulating

question 16

Multiple Choice

All of the following are recognized as reasons for accumulating earnings except

• A)working capital needs.
• B)product liability loss reserves.
• C)redemption of stock of deceased shareholder.
• D)All of the above are recognized reasons for accumulating earnings.

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Definitions:

Peace And Security

A concept referring to the protection and preservation of a state's or region's stability and safety from conflict and violence.

Liberty

The state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views.

Oligarchical Regime

is a form of government in which power rests with a small number of people distinguished by royalty, wealth, family ties, education, corporate, or military control.

Republic

A form of government in which power resides in elected individuals representing the citizen body and government leaders exercise power according to the rule of law.