The Declaration of a Cash Dividend Does Not Create an Obligation

question 177

True/False

The declaration of a cash dividend does not create an obligation for the corporation.

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Definitions:

Descartes

A French philosopher, mathematician, and scientist whose work laid the foundation for modern philosophical thought, famous for "I think, therefore I am."

Doubt

A feeling of uncertainty or lack of conviction about something, often prompting further inquiry or reflection.

Existence

The state or fact of being real or alive; having reality or life.

Prove

Demonstrate that a statement or proposition is true, either by using argumentation or by presenting evidence.