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Constantine Received Dividends on His Stock from a Major Corporation

Question 55

Multiple Choice

Constantine received dividends on his stock from a major corporation. What must Constantine, as a shareholder, now do?


A) Pay taxes on the dividends received.
B) Send a statement to the corporation within 30 days of intent to appeal the dividend amount.
C) Declare the dividend to the state corporation commission as received.
D) Hold onto the dividend amount until the federal government reviews the dividend paid
E) do nothing, the dividend is a bonus to the shareholder that has no other liabilities attached.

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