Examlex
Which one of the following is NOT an indicator of effective assessment practices?
Legal Capital Approach
A method of accounting that maintains capital at a certain legal minimum to protect creditors.
Ownership Equity
The owners' residual interest in the assets of a company after deducting liabilities, also known as shareholders' equity or stockholders' equity.
Date of Record
The specific date set by a corporation on which the company determines the shareholders eligible to receive dividends or other distributions.
Stock Split
A stock split is a corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares.
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