Which One of the Following Statements Is True

Multiple Choice

Which one of the following statements is true?

A) Board members are appointed by a company's CEO.
B) Stockholders do not pay taxes on stock dividends.
C) Intelligent investors should be concerned about future after-tax corporate profits when investing.
D) If a cash dividend is declared by the board of directors, each stockholder will receive a different dollar amount depending on the length of time they have owned their shares.
E) Corporate dividends are always paid in cash.