Of the Accounts Listed, the Account(s) That Is (Are) NOT

question 50

Multiple Choice

Of the accounts listed, the account(s) that is (are) NOT part of a firm's working capital is:

• A)plant and equipment
• B)marketable securities
• C)cash
• D)accounts receivable

---

Definitions:

Date of Record

The specific date on which a company determines its shareholders' eligibility to receive dividends or share distributions.

Resolution to Pay

A formal decision made by a company's board of directors to distribute funds, often as dividends, to shareholders.

Dividend Payment

A payout of part of a firm's profits, determined by its board of directors, and given to its stockholders.

Ex-Dividend Date

Date two business days before the date of record, establishing those individuals entitled to a dividend.