Restrictive covenants are contractual clauses in long-term debt agreements that place certain operating and financial constraints on the borrower

Which of the following is true of stock dividends?

A) They are the redistribution of corporate assets as shares. B) They increase an existing shareholder's proportionate ownership interest. C) They are additional stocks distributed as dividends. D) They are distributed according to the existing ownership interest of the board of directors.

A bilateral contract is one in which both parties have made promises to perform

a. True b. False