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    Financial Accounting IFRS Study Set 1
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    Exam 11: Corporations: Organization, Share Transactions, Dividends, and Retained Earnings
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    A Corporation Is Not Committed to a Legal Obligation When
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A Corporation Is Not Committed to a Legal Obligation When

Question 163

Question 163

Multiple Choice

A corporation is not committed to a legal obligation when it declares


A) a cash dividend.
B) either a cash dividend or a share dividend.
C) a share dividend.
D) a distribution date.

Correct Answer:

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