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Which of the following is NOT a constitutional power of the president?
Retained Earnings
Profits that are held back in a company to be reinvested in its operations or to pay down debt rather than being distributed to shareholders as dividends.
Treasury Stock
Stocks that the issuing entity initially distributed and then bought back, decreasing the number of shares available for trade on the open market.
Par Value
The face or nominal value of a bond, stock share, or coupon as specified on a certificate or instrument.
Stock Dividend
A payment made by a corporation to its shareholders in the form of additional shares, rather than cash, reflecting the company's intention to reinvest profits.
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