A Stock Dividend,declared by a Corporation's Directors,is a Distribution of Additional

question 118

True/False

A stock dividend,declared by a corporation's directors,is a distribution of additional shares of the corporation's own stock to its stockholders without the receipt of any payment in return.

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Definitions:

Discarded

Thrown away or disposed of as no longer useful or required after consideration.

Abandoned Property

Property that has been discarded by the owner, who has no intention to retain title or possession.

Eminent Domain

The right of a government to expropriate private property for public use, with compensation.

Mislaid

Property that is intentionally set down by someone who then forgets to retrieve it.