Which of the Following Statements Is Correct

question 56

Multiple Choice

Which of the following statements is correct?

• A) an open-market dividend reinvestment plan will be most attractive to companies that need new equity and would otherwise have to issue additional shares of common stock through investment bankers.
• B) stock repurchases tend to reduce financial leverage.
• C) if a company declares a 2-for-1 stock split, its stock price should roughly double.
• D) one advantage of adopting the residual dividend policy is that this makes it easier for corporations to meet the requirements of modigliani and miller's dividend clientele theory.
• E) if a firm repurchases some of its stock in the open market, then shareholders who sell their stock for more than they paid for it will be subject to capital gains taxes.

Understand how to effectively adjust report and form controls including font size, orientation, and control layouts.

Apply and understand the concept of conditional formatting in reports and forms.

Utilize different views for specific purposes in form and report design and navigation.

Recognize the utility of Access tools such as Report Wizard, Form Wizard, and themes in customizing reports and forms.

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Definitions:

Frustration Of Purpose

A defense in contract law that may excuse parties from their obligations if an unforeseen event undermines the contract's original purpose.

Condition Precedent

A condition or event that must occur before a contract or a specific provision within a contract becomes effective or enforceable.

Illusory Promise

A statement or promise that is misleading or lacks the necessary intent to be legally enforceable.

Statutes Of Limitations

Laws that set the maximum time after an event within which legal proceedings may be initiated.