The Date of Declaration Creates ________ for the Corporation

question 64

Multiple Choice

The date of declaration creates ________ for the corporation.

• A) an asset
• B) a liability
• C) an expense
• D) a revenue
• E) no obligation

---

Definitions:

Political Environment

The context created by political institutions, processes, and activities that influence the operation of societies and businesses.

Fair Trade Commission

The Fair Trade Commission is a government agency responsible for promoting fair business practices and competition by enforcing laws related to antitrust and consumer protection.

U.S. Interstate

A network of controlled-access highways that form part of the National Highway System in the United States.

International Communications

The exchange of information and ideas across international borders, primarily facilitated by digital media and telecommunications.