Asked by Annisa Rahma Putri on May 09, 2024
Verified
The board of directors of Wessex Inc.declared a cash dividend on November 15, 2022, to be paid on December 15, 2022, to shareholders owning shares on November 30, 2022.Given these facts, the date of November 30, 2022, is referred to as the
A) declaration date.
B) record date.
C) payment date.
D) authorization date.
Record Date
The specific date set by a company to determine the shareholders eligible to receive dividends or other distributions.
Payment Date
The specific date on which a dividend payment is made to shareholders or a date on which any financial obligation must be settled.
- Identify the different dates relevant in the dividend payment process and their significance.
Verified Answer
LM
Lacey MunsonMay 15, 2024
Final Answer :
B
Explanation :
The record date, November 30, 2022, is the date set by the company on which the shareholders must be on the company's books in order to receive a dividend.
Learning Objectives
- Identify the different dates relevant in the dividend payment process and their significance.
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