Asked by Slavik Kravchuk on Apr 24, 2024
Verified
Payments to shareholders are called dividends.
Dividends
Payments made by a corporation to its shareholder members, representing a portion of the corporation's earnings.
Shareholders
Shareholders are individuals or institutions that legally own one or more shares of stock in a public or private corporation, making them partial owners of the company.
- Familiarize yourself with the fundamental concepts of assets, liabilities, and shareholders' equity, and recognize their criticality in the accounting domain.
Verified Answer
SG
Shannon Gillespie6 days ago
Final Answer :
True
Explanation :
Dividends are payments made by a corporation to its shareholder members, distributing a portion of the company's earnings.
Learning Objectives
- Familiarize yourself with the fundamental concepts of assets, liabilities, and shareholders' equity, and recognize their criticality in the accounting domain.