The Record Date Is the Date

question 73

Multiple Choice

The record date is the date

• A) on which the board of directors declares the dividend.
• B) used to determine who will receive the dividend.
• C) on which the dividend is paid.
• D) on which the dividend transaction is recorded in the general journal.

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Definitions:

Equal Distribution

A principle of fairness where resources, wealth, or opportunities are shared equally among all members of a society or group.

Historical Benchmark

A reference point or standard for comparison derived from past data or trends, used in evaluating current performance or conditions.

Gain-sharing Plan

A type of incentive plan that gives employees a share of the company's profits, based on the improvement of operational efficiency and performance.

Employee Involvement

The degree to which employees are allowed to participate in decision-making processes within the organization, often leading to increased job satisfaction and productivity.