Anderson School of Management Theses & Dissertations

Publication Date



Statement of the problem. The purpose of this study is to investigate and compare generally accepted accounting principles with those provisions of the Corporation Laws of the State of New Mexico which may influence or affect corporate accounting in order to determine which funds are legally available for the declaration and payment of dividends. Importance of the study. The importance of this study may be verified, to some extent, from the abundance of the literature that has been published in this particular area and from research studies that have been completed in other states. Dr. Robert T. Sprouse, an eminent authority and author of various accounting articles, in a personal letter dated April 28, 1965, writes: “This area of study is one which deserves a great deal more attention than it receives.”



Document Type


Degree Name

Master of Business Administration (MBA)

Level of Degree


Department Name

Anderson School of Management

First Committee Member

Lloyd Seaton, Jr.

Second Committee Member

Perry T. Mori

Third Committee Member

John Albert Yeakel