Patronage Refunds: Rural Telephone Bank's and Other Cooperatives' Methods to Refund Earnings
AFMD-89-27
Published: Dec 30, 1988. Publicly Released: Dec 30, 1988.
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Highlights
In response to a congressional request, GAO determined whether the Rural Electrification Act specified a method that the Rural Telephone Bank (RTB) should use to refund any earnings to its class B stockholders.
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Accounting proceduresAgricultural cooperativesCapitalFederal corporationsFinancial managementStatutory lawStocks (securities)Rural electrificationShareholdersDividends