Plantain,Inc

question 171

Multiple Choice

Plantain,Inc.declared a dividend of $1 per share on March 1.The ex-dividend date is March 15th,and the payment date is April 1st.The most likely record date is

• A) February 27th.
• B) March 17th.
• C) March 13th.
• D) March 29th.

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Definitions:

C Corporation

A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.

Return

A document containing details about an individual's or entity's income, deductions, and tax liabilities filed with the tax authorities.

Basis

The initial value of an asset for tax purposes, used to calculate depreciation, amortization, and determines the gain or loss on the asset's sale.

Stock

A type of security that signifies ownership in a corporation and represents a claim on part of the company's assets and earnings.