Davidson Interiors Declared a Dividend to Holders of Record on Thursday

question 78

Multiple Choice

Davidson Interiors declared a dividend to holders of record on Thursday, October 15, that is payable on Monday, November 2.Suenette purchased 200 shares of Davidson Interiors stock on Monday, October 12, and Jake purchased 100 shares of this stock on the following day.Which one of the following statements is correct given this information?

• A)Both Suenette and Jake will receive this dividend.
• B)Suenette will receive the dividend but Jake will not.
• C)Jake will receive the dividend but Suenette will not.
• D)Neither Suenette nor Jake will receive this dividend.
• E)You cannot determine who will or will not receive this dividend based on the information provided.

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Definitions:

Mobile Communications

Mobile communications involve the wireless transmission of voice and data through devices such as smartphones and tablets, enabling connectivity anytime and anywhere.

Key Technological Elements

The fundamental components or aspects of technology that drive the development and innovation within a specific field or industry.

Customization

The process of modifying a product or service to meet the specific needs or preferences of an individual customer.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.