On what date do dividends become a legal liability of a corporation?
What will be an ideal response?
Dividends become a legal liability on the declaration date when the dividends are declared by the board of directors.
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?Which of the following statements is true of a bond?
A. ?The maturity value of a bond is always more than the market value of the bond. B. Interest payments increase throughout the duration of a bond.? C. ?The maturity date of a bond is contractually fixed. D. ?The call provision of a bond is exercised in the last year of the bond. E. ?The market value of a bond is mentioned in the bond indenture.
The average monthly rent for one-bedroom apartments in Chattanooga has been $800. Because of the downturn in the real estate market, it is believed that there has been a decrease in the average rental. The correct hypotheses to be tested are
A. H0: ?? 800 Ha: ?< 800. B. H0: ? = 800 Ha: ?? 800. C. H0: ?> 800 Ha: ?? 800. D. H0: ?< 800 Ha: ?? 800.
The return on sales ratio is ________.
A. net income/sales B. also called the operating ratio C. revenue/expenses D. expenses/sales
In most states, one individual cannot be both an officer and a director.
Answer the following statement true (T) or false (F)