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:

Stressful Situations

Circumstances or events that place a psychological or physical demand on an individual, often triggering stress responses.

Allostatic Load

The term refers to the “wear and tear” of the body due to prolonged activation of physiological stress responses.

Allostasis

The concept that different circumstances require different levels of physiological activation.

Activation

The process of initiating or stimulating an action or response by the nervous system or any biological mechanism.