On January 10,2013,ZOE Corporation Declared a Cash Dividend When the Related

question 65

Multiple Choice

On January 10,2013,ZOE Corporation declared a cash dividend when the related shares were selling for $10 per share.ZOE prepared the list of shareholders on February 10,2013 at which time the shares were still selling for $10 per share.However,on February 11,2013 the shares were selling for $8 per share.The dividend was paid on March 1,2013 when the shares were selling for $9 per share.The ex-dividend date must have been:

• A) January 10/13.
• B) February 10/13.
• C) February 11/13.
• D) March 1/13.

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Definitions:

Dollar

The official currency of the United States, also used as a standard monetary unit in many other countries.

U.S. Net Capital Outflow

The difference between the purchase of foreign assets by U.S. citizens and the purchase of U.S. assets by foreigners, reflecting the flow of capital from and into the U.S.

U.S. Saving

The portion of income that individuals, businesses, and the government in the United States set aside rather than spending it immediately.

National Saving

The sum of private and public savings in a country, representing the total income remaining after expenditures on goods and services.