Which of the following statements is most correct? a. Because taxes on long-term capital gains are not paid until the gain is realized, investors must pay the top individual tax rate on that gain. b. Retained earnings, as reported on the balance sheet, represents the amount of cash a company has available to pay out as dividends to shareholders. c. 70% of the dividends received by corporations is excluded from taxable income. d. 70% of the interest received by corporations is excluded from taxable income. e. The corporate tax system favors equity financing, as dividends paid are deductible from corporate taxes.

Acompany factory is considered which type of resource a.land b.physical capital c.labor d.human capital

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock