Which of the Following Statements Is Not True

Multiple Choice

Which of the following statements is not true?

A) Most board members like to keep stockholders happy.
B) Few things will unite stockholders into a powerful opposition force more rapidly than omitted or lowered dividends.
C) Intelligent investors must be concerned about future after-tax profits.
D) If a cash dividend is declared by the board of directors, each stockholder by law receives an equal amount per share.
E) Corporate dividends are always paid in cash.