Which of the Following Is the Best Definition of a Declaration

question 207

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:

Leg

A limb on a human or animal's body that supports movement and weight, extending from the hip to the foot.

Contracts

Legally binding agreements between two or more parties that outline obligations, rights, and terms to which the parties have agreed.

Anchored

Fixed firmly in position; a term often used metaphorically to describe something that is firmly established or secure.

Flexes

The action of bending a limb or joint or the ability to bend a muscle.