BEC中的writing對于中國考生來說比較難拿滿分，因?yàn)橹袊兔绹墓ぷ?、生活環(huán)境不同。不過，抓住題干關(guān)鍵詞，獲得高分并不難。跟著高頓網(wǎng)校USCPA小編看看下面這個(gè)例題吧。
　　Dover, Inc. has been a profitable publicly-traded company for a number of years.The Board of Directors is considering establishing a dividend policy for the firm for the next few years.Compose a memorandum to Larry Goode, the chairman of the board, explaining the considerations involved in determining a dividend policy.
　　REMINDER:Your response will be graded for both technical content and writing skills.Technical content will be *uated for information that is helpful to the intended reader and clearly relevant to the issue.Writing skills will be *uated for development, organization, and the appropriate * of ideas in professional correspondence.Use a standard business memo or letter format with a clear beginning, middle, and end.Do not convey information in the form of a table, bullet point list, or other abbreviated presentation.
　　To:Mr. Larry Goode
　　Dover, Inc.
　　From:CPA Candidate
　　解析：
　　The dividend policy of a firm relates to management's propensity to distribute earnings to shareholders.The appropriate dividend policy depends on a number of factors including the life-cycle stage of the company, the financial position of the company, investment options available to the company, and tax considerations. To be in a position to pay dividends to shareholders, a company must reach a stage in its life-cycle at which it is no longer in need of significant additional financing.This usually occurs during the expansion stage or the maturity stage of a company's life-cycle, which are also when the financial position of the company typically allows the payment of dividends.
　　Even if the company has capacity to pay dividends, the cash generally should be retained if the company can earn a return that exceeds what the investor can earn on another investment with similar risk.Finally, consideration has to be given to the tax status of the shareholders of the company.Shareholders must pay income taxes on dividends, and wealthier shareholders pay higher taxes.Therefore, the tax situations of the shareholders may also affect the company's dividend policy.
　　As you can see determining a dividend policy is complicated that requires consideration of a number of factors.
　　Keywords: dividend, policy, shareholders, investment, options, tax, life-cycle, financing, dividends