Once Properly Declared, the Effect of a Cash Dividend Is

question 69

Multiple Choice

Once properly declared, the effect of a cash dividend is that it:

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

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Definitions:

Nondirective Therapy

A form of psychotherapy in which the therapist refrains from giving advice or interpretation, allowing the client to lead the direction of the therapy.

Client-centered Therapy

A psychotherapeutic approach developed by Carl Rogers, emphasizing an empathetic, accepting, and non-judgmental environment to facilitate a client's growth and self-discovery.

Empathy

The ability to understand and share the feelings of another person.

Genuineness

The quality of being open, honest, and sincere in one's dealings with others.