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Eric, a fourth-grader, spends a lot of time with his peers and is more likely to engage in which of the following activities?
Date of Record
The date of record is a cut-off date set by a corporation to determine which shareholders are eligible to receive a dividend or distribution.
Liability
An obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer of assets, provision of services, or other yielding of economic benefits in the future.
Par Value
The nominal or face value of a bond, share of stock, or coupon as indicated on a certificate or instrument.
Legal Capital
The minimum amount of equity that a company must maintain to protect creditors, as required by law.
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