BTW CorpDeclared a $1

question 129

Multiple Choice

BTW Corp.Declared a $1.00 dividend on January 5^th,with an ex-dividend date of January 19^th,a record date of January 21^st,and a payment date of March 15^th.Joe purchased BTW stock on January 6^th.

• A) Joe will not receive the dividend because he purchased the stock after the declaration date.
• B) Joe will not receive the dividend because he purchased the stock prior to the record date.
• C) Joe will receive the dividend if he still sells his stock on January 20th because he owned the stock on the ex-dividend date.
• D) Joe will receive the dividend if he still owns the stock on January 21st, even if he sells the stock before the payment date.

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Definitions:

Process Manufacturing

A production method that involves converting raw materials into finished goods through chemical, biological, or physical transformations, used in industries like chemicals, food, and pharmaceuticals.