Once properly declared, the effect of a cash dividend is:
a. it is revocable until actually paid.
b. that it is considered a debt the corporation owes to the shareholders.
c. it imposes personal liability on the directors who vote for it.
d. it imposes personal liability on the shareholders of a solvent corporation.
b
You might also like to view...
The easiest type of person to sell a product to is a buyer who is at the unconscious need level.
Answer the following statement true (T) or false (F)
Giving possession and control of personal property to another person is referred to as
a. adhesion. b. usury. c. unconscionability. d. bailment.
If a six sided die is tossed two times and "3" shows up both times, the probability of "3" on the third trial is
a. much larger than any other outcome b. much smaller than any other outcome c. 1/6 d. 1/216
ODBC works on the _____ operating system
a. Kronos b. UNIX c. Windows d. Mac