Which Date Is Used to Determine Which Shareholders Will Receive

question 26

Multiple Choice

Which date is used to determine which shareholders will receive the declared dividend?

• A)date of record
• B)date of declaration
• C)ex-dividend date
• D)date of payment

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Definitions:

Uniform Probate Code

A set of laws designed to simplify the process of transferring a deceased person's assets to their beneficiaries.

UPC

Universal Product Code, a barcode symbology used for tracking trade items in stores.

Irrevocable Living Trust

A type of trust that cannot be modified or terminated without the consent of the beneficiary, typically used for estate planning to avoid probate and reduce taxes.

Legal Title

The formal right of ownership to property, recognized and protected by law.