The Date on Which the Firm Mails Out Its Declared

question 62

Multiple Choice

The date on which the firm mails out its declared dividends is called the:

• A)ex-rights date.
• B)ex-dividend date.
• C)date of record.
• D)date of payment.
• E)declaration date.

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Definitions:

Adjusting Entry

At the close of an accounting cycle, records are made in the accounting books to apportion earnings and expenditures to the actual period of occurrence.

Gallons

A unit of volume for liquid measurements in the United States, equivalent to 3.785 liters.

Mineral Rights

The legal rights to explore, extract, and sell minerals from a piece of land.

Depletion Rate

A method of accounting for the reduction of a product's reserves, such as natural resources, calculating the expense of extracting or using those resources over a period.