Asked by Angelina Carbonell on Jun 14, 2024
Verified
Under the Revised Act, dividends must always be paid in money.
Dividends
Payments made by a corporation to its shareholders, usually as a distribution of profits.
Revised Act
A law that has been formally amended or rewritten to include new provisions or correct errors.
- Appreciate the nuances of corporate dividends, including their payment, legality, and director liability.
Verified Answer
HA
Hadeel AlmulaikiJun 21, 2024
Final Answer :
False
Explanation :
Dividends can be paid in money, but they can also be distributed in other forms such as property or stock, depending on the company's articles of incorporation and the decisions made by its board of directors.
Learning Objectives
- Appreciate the nuances of corporate dividends, including their payment, legality, and director liability.
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