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:

American Arbitration Association

A nonprofit organization that provides arbitration services to help resolve disputes outside of courtrooms.

Arbitrator

A neutral third party chosen to resolve disputes outside of court, typically through the arbitration process, where their decision is usually binding.

Code of Ethics

A set of principles and guidelines designed to help professionals conduct their activities with integrity and responsibility.

Arbitration

A method of dispute resolution involving an impartial third party who hears both sides and makes a binding decision.