Which of the Following Is NOT TRUE Regarding Dividend Reinvestment

question 41

Multiple Choice

Which of the following is NOT TRUE regarding dividend reinvestment plans (DRIPs) ?

• A)DRIPs avoid most or all transaction fees if administered directly by the company.
• B)By choosing a DRIPs option,a shareholder automatically buys additional shares of a company on a regular basis.
• C)DRIPs often allow investors to purchase a small number of shares per transaction.
• D)All of these statements about DRIPs are true.

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Chart of Accounts

An organized list of all the accounts in a company's financial system, structured in a way that aligns with its financial reporting requirements.

Account Numbers

Unique numeric or alphanumeric codes assigned to each specific account within an accounting system for identification and organization purposes.

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The action or process of changing settings or options within a software or system to match user requirements.

Sales on Account

Transactions where goods or services are sold and payment is agreed to be made at a later date.