Which of the Following Statements Regarding the Date of a Cash

question 45

Multiple Choice

Which of the following statements regarding the date of a cash dividend declaration is not true?

• A) The dividend can be cancelled once it has been declared.
• B) The corporation is committed to a legal, binding obligation.
• C) The board of directors formally authorizes the cash dividend.
• D) A liability account must be created or increased.

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Definitions:

Listening

The active process of receiving, interpreting, and responding to verbal and non-verbal messages.

Listening Skills

The ability to actively understand information provided by the speaker, showing attention and processing the message effectively.

Attentive Listening

The active, focused process of hearing, understanding, and responding to spoken messages.

Quiet Voice

A soft or subdued tone of voice that may reflect calmness, uncertainty, or a desire not to attract attention.