Once Properly Declared, the Effect of a Distribution Is

question 81

Multiple Choice

Once properly declared, the effect of a distribution is:

• A) it is revocable until actually paid.
• B) that it is considered a debt the corporation owes to the shareholders.
• C) it imposes personal liability on the directors who vote for it.
• D) it imposes personal liability on the shareholders of a solvent corporation.

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Definitions:

Transtheoretical Model

A theory of behavioral change that assesses an individual's readiness to act on a new healthier behavior and provides strategies to guide the individual through the stages of change.

Prochaska, DiClemente

Psychologists who developed the Transtheoretical Model of Behavior Change, outlining stages people go through in altering behavior.

Family Support

Assistance and encouragement provided by family members to each other, crucial for emotional, social, and sometimes financial stability.

Fast-Approaching Wedding Date

A wedding date that is nearing quickly, often causing increased urgency in preparation activities.