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    Exam 11: Corporations: Organization, Stock Transactions
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    A Corporation Commits to a Legal Obligation When It Declares
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A Corporation Commits to a Legal Obligation When It Declares

Question 257

Question 257

Multiple Choice

A corporation commits 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.

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