The Day on Which the Board of Directors of the Corporation

question 7

True/False

The day on which the board of directors of the corporation distributes a dividend is called the declaration date.

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Definitions:

Business Revenues

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Obtain Resources

The act of securing the assets, finances, or materials required by a business or organization to operate and achieve its objectives.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, carrying on business, and suing or being sued.

Book Publisher

A company or individual responsible for the reproduction, marketing, and distribution of books.