If a Corporation Is Profitable,directors Must Declare a Dividend to Holders

question 40

True/False

If a corporation is profitable,directors must declare a dividend to holders of common shares according to their proportionate shareholding.

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Definitions:

Committees

Subgroups within a larger organization, such as a legislative body, tasked with handling specific duties or areas of concern.

Appropriations Bill

Legislation passed by Congress that provides funding for specific federal government departments, agencies, and programs.

Authorization Bills

Legislation that grants permission, typically from a legislative body, for government spending in specific areas or for specific projects.

Budget Resolution

A congressional decision that sets a framework for federal budgeting and spending, outlining targets for revenues, expenditures, and other fiscal measures.