True or false If false, correct the statement a A company may not generally pay a dividend out of legal capital b A company may not generally pay a dividend if it is insolvent c The effective tax rate on capital gains can be less than the stated tax rate on such gains d Corporations are not taxed on dividends received from other corporations

Question: True or false? If false, correct the statement. a. A company may not generally pay a dividend out of legal capital. b. A company may

True or false? If false, correct the statement.
a. A company may not generally pay a out of legal capital.
b. A company may not generally pay a if it is insolvent.
c. The effective tax rate on capital gains can be less than the stated tax rate on such gains.
d. Corporations are not taxed on dividends received from other corporations.

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