Between the date of declaration and the date of record, BCD, Inc. sold an investment presenting stock of ABC, Inc., a domestic corporation. Which statement is correct?

Between the date of declaration and the date of record, BCD, Inc. sold an investment presenting stock of ABC, Inc., a domestic corporation. Which statement is correct?

Between the date of declaration and the date of record, BCD, Inc. sold an investment presenting stock of ABC, Inc., a domestic corporation. Which statement is correct?




A. ABC, Inc. shall withhold 10% dividend tax if the buyer of the sale is corporation
B. ABC, Inc. shall withhold 10% dividend tax if the seller of the sale is an individual
C. ABC, Inc. shall withhold 10% dividend tax if the seller of the sale is corporation
D. ABC, Inc. shall withhold 10% dividend tax if the buyer of the sale is individual


Answer: D. ABC, Inc. shall withhold 10% dividend tax if the buyer of the sale is individual


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