The Record Date in the Normal Dividend Payment Procedure Is

question 87

Multiple Choice

The record date in the normal dividend payment procedure is ____.

• A) the same day as the declaration date
• B) the same day as the ex-dividend date
• C) the date when the firm makes a list from its stock transfer books of shareholders eligible to receive the dividend
• D) one day prior to the payment date

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Definitions:

Corporation

A legal entity recognized by law as separate from its owners, with its own rights, privileges, and liabilities.

S Corporation Election

A tax status election made by a corporation with the Internal Revenue Service to be taxed as a pass-through entity, avoiding double taxation on corporate income.

Shareholders' Consent

The approval or agreement by shareholders, often required for major company decisions, typically obtained through voting mechanisms.

Majority

Majority refers to more than half of a particular group or amount, often used to describe the requirement for decision-making in voting contexts.