Which of the Following Is the Best Definition of a Distribution

question 251

Multiple Choice

Which of the following is the best definition of a distribution?

• A) The market's reaction to a change in corporate dividend payout.
• B) Idea that individual investors can undo corporate dividend policy by reinvesting dividends or selling shares of stock.
• C) Date two business days before the date of record, establishing those individuals entitled to a dividend.
• D) Payment made out of a firm's earnings to its owners, either in the form of cash or stock.
• E) Payment made by a firm to its owners from sources other than current or accumulated earnings.

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Definitions:

Original Jurisdiction

The authority of a court to hear a case for the first time, as opposed to appellate jurisdiction.

Stare Decisis

The legal principle of determining points in litigation according to precedent.

Writ of Certiorari

An order by a higher court directing a lower court to deliver the records of a case for review, often used by the Supreme Court to choose the cases it will hear.

District Courts

The general trial courts in the United States federal court system where civil and criminal cases are filed and heard.