Once Properly Declared, the Effect of a Cash Dividend Is

question 30

Multiple Choice

Once properly declared, the effect of a cash dividend 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:

Carol Dweck

An American psychologist known for her work on the mindset psychological trait, specifically fixed and growth mindsets.

General Intelligence

A theoretical measure of an individual's overall mental capability, often conceptualized as the ability to learn, reason, solve problems, and adapt to new situations.

Epigenetics

“Above” or “in addition to” (epi) genetics; the study of the molecular mechanisms by which environments can influence genetic expression (without a DNA change).

Environmental Influences

Factors within the environment that can affect behaviors, development, and life processes.