A Proportional Distribution by a Corporation of Its Own Stock

question 51

Multiple Choice

A proportional distribution by a corporation of its own stock to its stockholders is called:

• A)treasury stock.
• B)cash dividend.
• C)stock dividend.
• D)property dividend.

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Definitions:

Bankruptcy

A legal status for individuals or entities that cannot repay the debts they owe, allowing them to seek relief through court intervention.

Dischargeable Debts

Debts that can be eliminated through bankruptcy, relieving the debtor from any further obligation for these debts.

Chapter 13

A chapter of the U.S. Bankruptcy Code allowing individuals with regular income to develop a plan to repay all or part of their debts.

Chapter 7

A section of the Bankruptcy Code that deals with the process of liquidation under the bankruptcy laws of the United States.