Question: TSU Inc. has $ 5 0 , 0 0 0 of E&P . TSU pays its shareholder s credit card bill in the amount of
TSU Inc. has $ of E&P TSU pays its shareholders credit card bill in the amount of $ Is the payment a dividend?
Group of answer choices
Yes, because TSU Inc. has earnings and profits and the payment is a constructive dividend
Yes, because all payments for the benefit of a shareholder are dividends
No because the shareholder did not receive any money
No because the payment is less than the earnings and profits
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
