The day on which the board of directors of the corporation distributes a dividend is called the declaration date.

A. True

B. False

Question

Judith Bowman

Business

5 October, 13:53

The day on which the board of directors of the corporation distributes a dividend is called the declaration date.

A. True

B. False

+1

Answers (1)

Know the Answer?

Tripp Powell · Answer 1

The correct answer is letter "B": False.

Explanation:

The Declaration date is the date when the Board of Directors of a company announces they will pay dividends. Since that moment, the firm has the responsibility to make the payment to its shareholders. However, on that date, the payments are not provided. It is likely to be specified by them at a later stage.

The day on which the board of directors of the corporation distributes a dividend is called the declaration date.A. TrueB. False

The day on which the board of directors of the corporation distributes a dividend is called the declaration date.

A. True

B. False