In Non-Binding Arbitration

question 7

Multiple Choice

In non-binding arbitration:

• A)The judge can offer suggestions for dispute resolution but cannot enforce these opinions.
• B)The two parties agree to open up,or unbind,their books for inspection by the other party.
• C)The client and project organizations both agree to perform exactly what the judge decrees.
• D)The client and project organizations are not bound by the rules of law.

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Definitions:

Retained Earnings

The portion of net earnings not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.

Dividends Payable

Dividends payable are a liability on a company's balance sheet representing the amount of dividends that the company has declared but has not yet paid out to its shareholders.

Dividends Expense

The sum distributed from a portion of a company's earnings to its shareholders; often associated with preference shares.

Common Stock Dividend Distributable

Stockholders’ equity account that accumulates a stock dividend that has been declared but not yet issued and distributed.