Which of the Following Is the Best Definition of a Declaration

question 149

Multiple Choice

Which of the following is the best definition of a declaration date?

• A) Date on which the board of directors passes a resolution to pay a dividend.
• B) Date on which holders of record are designated to receive a dividend.
• C) Date of the dividend payment.
• D) Payment made out of a firm's earnings to its owners, either in the form of cash or stock.
• E) Payment made by a firm to its owners from sources other than current or accumulated earnings.

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Definitions:

Employment Act

A legislative act that sets requirements for employers regarding the treatment, payment, and conditions of their employees.

Title VII

A provision of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.

Civil Rights Act

Landmark legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin, primarily known for its application during the 1960s civil rights movement.

Discrimination

The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.