Which of the Following Is TRUE About the Date of Record

question 18

Multiple Choice

Which of the following is TRUE about the date of record?

• A)On the date of record, the company issues new shares.
• B)On the date of record, the company determines who owns the shares as of that date.
• C)On the date of record, the company records the dividend payable amount.
• D)On the date of record, the company disburses dividend payments to shareholders.

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Definitions:

Defamation

The act of damaging someone's reputation by making false and harmful statements.

Falsity

Relates to the quality or state of being false or untrue.

Conversion

Any distinct act of dominion wrongfully exerted over another’s personal property in denial of or inconsistent with his rights therein. That tort committed by a person who deals with chattels not belonging to him in a manner that is inconsistent with the ownership of the lawful owner.

Defendant

An individual, company, or institution being sued or accused in a court of law.