Diffusion Is a Process by Which a Substance

question 23

Multiple Choice

Diffusion is a process by which a substance:

• A)goes from lesser to greater concentration.
• B)goes down its concentration gradient.
• C)goes up its concentration gradient.
• D)is at equilibrium.

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Definitions:

Par Common Stock

The nominal or face value assigned to a share of common stock in the company’s charter.

Cumulative Preferred Stock

Stock that has a right to receive regular dividends that were not declared (paid) in prior years.

Par Value

The nominal or face value assigned to a share of stock or bond, typically used in accounting as a base value rather than market value.

Dividend Liability

Refers to the amount a company owes to its shareholders after the board of directors declares a dividend but before the company has actually paid it.