The Nadal Company Mails Its Annual Dividend Check on December

question 35

True/False

The Nadal Company mails its annual dividend check on December 31. Even when the shareholders receive their check in the following year, they must report the income in the year the check was written and mailed.

---

Definitions:

Arithmetic Logic Unit

A digital circuit used in computers and calculators to perform arithmetic and logic operations.

Front Side Bus

A data bus that carries information between the CPU and a memory controller hub, known as the northbridge, in a computer's chipset.

Control Unit

Unit of the CPU that manages the switches inside the CPU.

Processing Power

refers to the capability of a computer or device to process data and execute instructions in a given amount of time.