The Date on Which the Board of Directors of a Company

question 39

Multiple Choice

The date on which the board of directors of a company authorizes the dividend is called the ________ date.

• A) declaration
• B) record
• C) ex-dividend
• D) distribution

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Definitions:

Article V

Article V typically references a specific section within a larger document, such as a constitution or treaty, detailing procedures like amendment processes.

Amending

The process of making changes or modifications to a document, law, or contract.

Enumerated Powers

Specific powers granted to a government authority, often listed or numbered in a constitution or legislative document.

Congressional Powers

Congressional powers are the legal authorities granted to the United States Congress by the Constitution, including lawmaking, taxation, and oversight functions.