Define the Doctrine of Caveat Emptor

question 52

Short Answer

Define the doctrine of caveat emptor.

---

Definitions:

Cash Dividend

A distribution of a company's earnings to its shareholders, typically in the form of cash.

Comparative Balance Sheet

A financial statement that presents the financial position of a company at two or more different points in time.

Operating Activities

Day-to-day actions that are involved in running a business, such as selling products, managing costs, and paying employees.

Cash Dividend

A disbursement issued to shareholders from a firm's profits, often in cash format.