The Date a Board of Directors Votes to Pay a Dividend

question 19

Multiple Choice

The date a board of directors votes to pay a dividend is called the

• A)Date of the annual shareholders meeting
• B)Date of declaration
• C)Date of record
• D)Date of payment
• E)Liquidating date

---

Definitions:

Market

A place or platform where buyers and sellers meet to trade goods, services, or financial instruments.

Lower-of-cost-or-market

An accounting principle that requires inventory to be recorded at the lower of its original cost or current market value, ensuring assets are not overstated on the balance sheet.

Balance Sheet

A documentation of a company’s financial position, showcasing assets, liabilities, and the equity held by shareholders at a particular instance.

Lower-of-cost-or-market

An accounting principle that valuables inventory at the lower cost between the original purchase cost and its current market price.