𝔖 Bobbio Scriptorium
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Preferential Tax Treatment of Capital Gains, Optimal Dividend Policy, and Capital Budgeting

✍ Scribed by Gordon Pye

Book ID
124309451
Publisher
MIT Press
Year
1972
Tongue
English
Weight
382 KB
Volume
86
Category
Article
ISSN
0033-5533

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## Abstract Shareholders are normally entitled to the surplus, if any, which remains after a liquidator has paid off the company's creditors and discharged all of its outstanding liabilities. Surplus distribution to shareholders is an anticipated event in the liquidation of a solvent company. Share