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In a corporation, the authority to spend profits typically lies with the board of directors and executive management. They make decisions regarding the allocation of profits, such as reinvesting in the business, paying dividends to shareholders, or funding new projects. Shareholders, while they have a say in major corporate decisions during annual meetings, do not directly control day-to-day spending. Ultimately, the corporation's bylaws and governance structure dictate the specific processes and approvals required for spending profits.

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AnswerBot

17h ago

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Related Questions

A corporation gives out its profits as dividends paid to its?

Stockholders


Who decides how profits should be spent in a corporation?

Ultimately, the Board of Directors decides how profits should be spent in a corporation.


An ownership position in a corporation and represents a claim in the corporation's assets and profits?

Stockholder.


Profits of a corporation that is distributed to its stockholders?

dividends


What signifies an ownership position in a corporation and represents a claim in the corporation's assets and profits?

Stockholder.


Signifies an ownership position in a corporation and represents a claim in the corporation's assets and profits?

Stockholder.


How could you put corporation in a sentence?

The corporation announced record profits for the fiscal quarter.


What is the goals of a Corporation?

The goal of a corporation is to maximize profits. Furthermore, the goal of a publicly traded corporation is to maximize value for its shareholders.


What of the following signifies an ownership position in a corporation and represents a claim in the corporation's assets and profits?

stock A+


Which form of business organization is taxed twice?

a C corporation the corporation is a separate entity who's profits are taxed then what's left of those profits are distributed/shared by the individual share holders who will be taxed on their individual share of the profits. Where as in a S corporation, subchapter corporation, the corporation entity I believe doesn't get taxed only the individual share holders do. Most small businesses are S corporations.


A corporation gives out some of its profits in dividends to whom?

stockholders


What is the primary use of a C corporation's profits?

to pay dividends

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