Why Did the Equal Rights Amendment Fail to Pass

question 92

Multiple Choice

Why did the Equal Rights Amendment fail to pass?

• A) It won approval in the House but not in the Senate.
• B) It won approval in the Senate but not in the House.
• C) It was not ratified by the necessary thirty-eight states.
• D) The Supreme Court had declared the amendment unconstitutionally vague before it could be submitted to the states.
• E) It was vetoed by President Ronald Reagan.

Understand the role of registrars and transfer agents in maintaining stockholder records for large public corporations.

Acknowledge the conditions under which dividends can be distributed, including the prerequisites for paying cash dividends.

Analyze the reporting requirements for stock dividends, treasury stock, and retained earnings in financial statements.

Understand the financial impact and accounting treatment of stock splits and stock dividends on a company's financial statements.

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Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, giving them partial ownership and usually voting rights.

Agency Theory

A theory explaining the relationship between principals, such as shareholders, and agents, such as company executives, and how to best align the interests of both parties.

Owners

The individuals or entities that legally possess an asset or property.