When a Company Maintains Its Own Records of Stock Transactions

question 100

Multiple Choice

When a company maintains its own records of stock transactions and outstanding stock, internal controls must be adequate to ensure that

• A) actual owners are recorded in the bylaws.
• B) the correct amount of dividends is paid to stockholders owning the stock on the dividend record date.
• C) the correct amount of dividends is paid to stockholders owning the stock on the declaration date.
• D) actual owners are recorded in the minutes.