________ Partners Are Not Active in a Business but Generally

question 55

Multiple Choice

________ partners are not active in a business but generally are known to be members of the partnership.

• A)Dormant
• B)General
• C)Silent
• D)Limited

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Definitions:

Ex-Dividend Date

The date after which a stock is traded without its previously declared dividend, meaning purchasers no longer have the right to receive the declared payment.

Date Of Record

A specific date set by a company on which the shareholders must be registered to be entitled to dividend payments.

Cum Dividend

A term used to describe a stock that is trading with the right to receive a dividend that has been declared but not yet paid.

Ex-Dividend Date

The specific date on which shares traded no longer come with the right to receive the most recently declared dividend.