Because It Restricts the Transferability of Its Stock, Generation Now

question 42

Multiple Choice

Because it restricts the transferability of its stock, Generation Now is a _____ corporation.

• A)limited
• B)classified
• C)public
• D)private

---

Definitions:

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Fair Market Value

The estimated price at which an asset would sell in the marketplace when both buyer and seller are reasonably knowledgeable and willing parties.

Accountant

A professional who performs accounting functions such as audits or financial statement analysis. Accountants can also advise on financial strategies and tax planning.

Gross Income

The total income earned by an individual or a business before any deductions or taxes are taken out.