The Date When a Cash Dividend Becomes a Legal Obligation

question 73

Multiple Choice

The date when a cash dividend becomes a legal obligation is on the:

• A) date of record.
• B) declaration date.
• C) last day of the corporate year.
• D) payment date.

---

Definitions:

Diathesis-stress Model

A psychological theory that explains behavior as both a result of biological and genetic factors ("diathesis") and life experiences ("stress").

Psychopathology

A sickness or disorder of the mind.

Daily Functioning

The ability of an individual to perform normal daily activities, such as eating, bathing, dressing, paying bills, and socializing.

Social Practice

A pattern of behavior that is regularly and repeatedly performed in a society, and thus, becomes a societal norm.