The date the directors vote to declare and pay a dividend is called the:
A. Date of payment.
B. Liquidating date.
C. Date of declaration.
D. Date of stockholders' meeting.
E. Date of record.
Answer: C
You might also like to view...
When Clipper Mail Order Co receives telephone and fax orders, the billing department prepares an invoice. The invoice is mailed immediately. A copy of the invoice serves as a shipping notice. The shipping department removes inventory from the warehouse
and prepares the shipment. When the order is complete, the goods are shipped. The clerk checks the customer's credit before recording the sale in the general journal and the account receivable subsidiary ledger. The receptionist opens the mail and lists all payments. The receptionist also handles all customer complaints and prepares sales return forms for defective merchandise. The cashier records all cash receipts in the general journal and makes the appropriate entry in the accounts receivable subsidiary ledger. The cashier prepares the daily bank deposit. Describe at least four internal control weaknesses at Clipper Mail Order Co
Frankin Corporation's net cash provided by operating activities was $192; its capital expenditures were $154; and its cash dividends were $27. The company's free cash flow was:
A. $373 B. $11 C. $38 D. $165
Which of the following is not a problem with using a dividend-based valuation formula
a. dividends are arbitrarily established b. dividends represent a transfer of wealth to shareholders c. some firms do not pay a regular periodic dividend d. it is a challenge to forecast the final liquidating dividend
The ________ is a correction for overestimation of the variance of a population parameter, e.g., a mean or proportion, when the sample size is 10 percent or more of the population size
A) statistic B) precision level C) finite population correction D) parameter