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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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1d ago

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Stockholders


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The corporation announced record profits for the fiscal quarter.


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stock A+


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stockholders


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