Question 1
which of the following statements is true about dividends?
select one
a
ordinary dividends totaling more than $1,000 must be reported in part ii of schedule b.
b
ordinary dividends are the least common type of dividend distribution and are the portion of a
corporation's profits paid to the shareholders.
c
payers of $25 or more in dividends to any one person during the year are required to report the
amount of dividends paid to the irs and furnish the recipient with form 1099-div or a similar
statement.
d
qualified dividends are those received on shares of stock in domestic corporations and certain
foreign corporations that meet the holding requirements.