Asked by
Bryce Taylor
on Nov 14, 2024
Verified
A corporation is not committed to a legal obligation when it declares
A) a cash dividend.
B) either a cash dividend or a stock dividend.
C) a stock dividend.
D) a distribution date.
Cash Dividend
A payment made by a company out of its earnings to its shareholders, usually in the form of cash.
Stock Dividend
A dividend payment made in the form of additional shares rather than a cash payout.
Legal Obligation
A duty enforced by law that requires an individual or entity to conform to specific conduct or refrain from certain actions.
- Identify the various accounting methods applied to different kinds of dividends.
Verified Answer
AW
Learning Objectives
- Identify the various accounting methods applied to different kinds of dividends.