The Liability "Dividend Payable" Is Recognized on the Date Of

question 128

Multiple Choice

The liability "dividend payable" is recognized on the date of:

• A)stock issue.
• B)payment.
• C)record.
• D)declaration.

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Definitions:

Legal Positivism

A theory of law that holds that laws are rules made by human beings and are not derived from morality or any external source of authority.

Legal Realism

A theory of law that emphasizes the role of judges' personal views and real-world consequences in judicial decision-making.

Natural Law Theory

A philosophical theory asserting that certain rights or values are inherent by virtue of human nature and can be universally understood through human reason.

Feudal Responsibility

Refers to the obligations and duties in the feudal system where a vassal must serve a lord in exchange for land or protection.