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Steven, 16 months old, falls down a few stairs. He gets up and "scolds" the stairs as if they caused him to fall. This is an example of which of the following?
Cash Dividend
A payment made by a company out of its profits to its shareholders in the form of cash.
Stock Dividend
A dividend payment made to shareholders in the form of additional shares of stock rather than cash.
Common Stock Dividend Distributable
A liability recorded on a company's balance sheet for dividends declared but not yet paid to shareholders.
Board of Directors
The Board of Directors is a group of individuals elected by the shareholders of a company to oversee the management and make major decisions.
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