In 2004, Microsoft Paid One of the Largest Extraordinary Dividends

question 97

Multiple Choice

In 2004, Microsoft paid one of the largest extraordinary dividends in history. All of the following contributed to this historical event except ___________________.

• A) The Jobs & Growth Tax Relief Reconciliation Act (JGTRRA) of 2003 made the tax rate less burdensome to investors.
• B) Microsoft was interested in changing its capital structure.
• C) Microsoft had a lot of cash on its balance sheet.
• D) Microsoft was not making significant investment in capital budgeting projects as compared to its cash balance.

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Definitions:

Just Noticeable Threshold

The minimum difference in stimulation that an individual can detect 50% of the time, also known as the difference threshold.

Aerial Perspective

Aerial Perspective, also known as atmospheric perspective, is the effect by which objects appear less distinct and more bluish the farther they are from the observer, due to the atmosphere's effect on the colors and lights.

Motion Parallax

A depth cue in which objects closer move faster across the field of view than those farther away, giving a sense of depth.

Linear Perspective

A depth cue in which parallel lines converge as they recede into the distance, aiding in the perception of depth.