_____ Is a Body of Enforceable Rules and Principles of Conduct

question 53

Multiple Choice

_____ is a body of enforceable rules and principles of conduct.

• A)A statute
• B)A regulation
• C)Law
• D)A code of conduct

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Definitions:

Stock Dividend

A payment made in the form of additional shares rather than cash, reflecting a company's dedication to reinvesting in its growth.

Par Value

A nominal value assigned to a security, such as a share of stock, representing its legal capital per share.

Retained Earnings

Profits that a company has decided to re-invest in the business instead of paying out to shareholders as dividends.

Liquidating Dividend

A type of dividend paid by a company to its shareholders from its capital rather than its earnings, typically during the partial or full liquidation of the company.