Solved

There Are Three Dates That Are Important to a Corporation

Question 51

Essay

There are three dates that are important to a corporation when they issue new shares of stock.Identify the three dates and explain the significance of each?
Date of declaration- The board of directors declare a cash dividend and the dividend now becomes a legal liability of the corporation
Date of record- On the date of record the corporation makes a list of the shareholders that are elgible for the cash dividend
Payment date- On the payment date the company pays the shareholders on record their cash dividend.

Correct Answer:

Answered by Quizplus AI

Answered by Quizplus AI

The three important dates for a corporat...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents