Business, 21.02.2020 18:36 louie8656

Carr Corp. declared a 7% stock dividend on its common stock. The dividend:

a. Is includable in the gross income of the recipient taxpayers in the year of receipt.

b. Must be registered with the SEC pursuant to the Securities Act of 1933.

c. Has no effect on Carr's earnings and profits for federal income tax purposes.

d. Requires a vote of Carr's stockholders.

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Carr Corp. declared a 7% stock dividend on its common stock. The dividend:

a. Is includa...

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