A Liability for a Dividend Does Not Exist Until the Directors

question 185

True/False

A liability for a dividend does not exist until the directors declare a dividend.

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Definitions:

Phonemes

The smallest unit of sound in a language that serves to distinguish one word from another.

Morphemes

The smallest grammatical units in a language that carry meaning or function, such as "un-", "-ing", or "cat".

Morphemes

The smallest grammatical units in a language that carry meaning.

Stanford-Binet Intelligence Scale

A standardized test that measures human intelligence through various cognitive tasks.