The Date of Record for Cash Dividends Is

question 95

Multiple Choice

The date of record for cash dividends is:

• A) the date the board of directors pays a dividend.
• B) the date established by the board of directors that determines who will receive dividends.
• C) the date that creates a liability for the company.
• D) None of these answers is correct.

---

Definitions:

Form 1040EZ

A simplified tax form used in the United States for individuals with straightforward tax situations, now replaced by the redesigned IRS Form 1040.

Married Filing Jointly

A filing status that allows married couples to file a single tax return together, which can affect tax rates and deductions.

Paid Tax Preparers

Professionals hired to advise on tax matters and prepare income tax returns; they must meet certain qualifications and adhere to regulatory standards.

Circular 230

Regulations issued by the United States Treasury Department governing practice before the IRS by attorneys, CPAs, and other professionals.