Which of the Following Is the Best Definition of a Date

question 89

Multiple Choice

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

• 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.