Which of the Following Is TRUE About the Date of Record

question 27

Multiple Choice

Which of the following is TRUE about the date of record?

• A) On the date of record, the company issues new shares of stock.
• B) On the date of record, the company disburses dividend payments to shareholders.
• C) On the date of record, the company records the dividend payable amount.
• D) On the date of record, the company determines who owns the shares of stock as of that date.

---

Definitions:

Budget Procedure

The process involving the creation, approval, and implementation of a financial plan for a business or an organization.

Top-Down Managerial

A management approach where decision-making and direction come from the top levels of the organization and flow downward.

Profit-Making Businesses

Enterprises or organizations that operate with the primary goal of earning financial profits.

Budgetary Slack

Excess resources set within a budget to provide for uncertain events.