Once Properly Declared, the Effect of a Cash Dividend Is

question 19

Multiple Choice

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

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

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Definitions:

Moral Proof

Arguments or evidence regarding what is right and wrong, often used in philosophical and ethical discussions to substantiate moral judgments or principles.

Religious Belief

A conviction or faith regarding the existence, nature, and worship of a deity or deities, and the divine involvement in the universe and human life.

Ontological Argument

A philosophical argument for the existence of God based on the premise that the very concept of God implies his existence.

Kant

A German philosopher who is a central figure in modern philosophy, known for his works on epistemology, ethics, and aesthetics.