The Date Four Business Days Prior to the Date on Which

question 30

Multiple Choice

The date four business days prior to the date on which all shareholders of record receive a payment is called the ________ date.

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

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Definitions:

Machine Hours

A measure of production output based on the amount of time machinery is operated.

Number Of Employees

The total count of individuals employed by a company or organization, either full-time or part-time.

Step-down Method

A method used in cost accounting to allocate service department costs to producing departments, considering inter-departmental services.

Step-down Method

An accounting method used for allocating indirect costs to different departments based on a hierarchy where the first allocation base is the costliest department.