The hyattsville country club requires that an applicant's grandfather be a member of the club in order to qualify for membership. because blacks were not allowed to join the club in the 1960s and 1970s, there are no black members today. this rule, which maintains the advantage for the dominant group, while providing the appearance of fairness to all is an example of:

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease