A Liability for a Dividend Does Not Exist Until the Directors

question 185

True/False

A liability for a dividend does not exist until the directors declare a dividend.

---

Definitions:

Drug

A substance used to diagnose, treat, or prevent disease or to enhance physical or mental well-being.

Binge Drinking

The excessive consumption of alcohol in a short period of time, typically with the intention of becoming intoxicated.

Heavy Drinking

Consuming alcohol in excess of moderate drinking guidelines, often leading to health risks and alcohol dependency.

Drinking

The act of consuming liquids, often referring specifically to the ingestion of alcoholic beverages.