The [Blank] Designates the Date on Which the Share Transfer

question 96

Multiple Choice

The [blank] designates the date on which the share transfer books are closed in regard to a dividend payment.

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

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Definitions:

Percent of Sales Method

A financial forecasting approach in which accounts are projected to increase as a percentage of the projected sales level.

Unadjusted Trial Balance

A list of all the accounts and their balances in a company's ledger before any adjusting entries are made for accounting purposes.

Credit Sales

Sales processes in which products or services are provided to a customer, with the expectation that payment will be made in the future.

Promissory Note

An economic device featuring a commitment in writing from one party to another, agreeing to transfer a specific sum of money, which can be requested anytime or on an agreed-upon date later.