Catching Fish with a License Is an Example of the Acquisition

question 91

True/False

Catching fish with a license is an example of the acquisition of property by possession or capture.

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Definitions:

Cash Dividend

A payment made by a company to its shareholders, often as a distribution of profits.

Common Stock Dividends Distributable

A portion of earnings allocated by a company to be distributed to holders of its common stock, recognized as a liability until paid out.

Paid-in Capital

Equity capital that is contributed to a corporation by its shareholders, in addition to the prescribed par value, representing funds received from investors.

Cumulative Preferred Stock

A type of preferred stock that entitles the shareholder to receive dividends that, if omitted, accumulate and must be paid before dividends can be paid to common shareholders.