(Answered) Mcdonalds a publicly traded c-corporation had a very

Management Studies

McDonald's, a publicly traded C-corporation, had a very profitable year in 2002. It had net income of $893 million and paid $0.24 per share in dividends. Stephanie owned 20,000 shares of McDonald's stock that year and thus received $4,800. Who is taxed on their income in this case? Explain.

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