Solved

Which One of These Examples Does NOT Meet the Strict

Question 30

Multiple Choice

Which one of these examples does NOT meet the strict definition for a dividend?


A) Steel Gen Company regularly distributes $0.05 to each shareholder for every share they own.
B) Chalone Vineyards once offered their investors discounts on wine in proportion to the number of shares they owned.
C) Sippy Downs, Ltd., which operates several horse racing tracks, including the location for the Deagon Derby, distributes two free general admission tickets to every investor who holds more than 100 shares in the company (as of 2013) .
D) Both b and c do not meet the definition for a dividend.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents