Question

The declaration date is the date on which the corporation ______. makes a payment to the stockholders of record records its obligation to pay a dividend finalizes its list of stockholders who will receive dividends

Answer 1

Answer: Records its obligation to pay a dividend

Explanation:

The declaration date is the particular date where the board of directors of a company takes the decision to pay a dividend to all the stakeholders of the company.

A dividend is the benefit a shareholder of a company, gets as a result of the profit the company makes during a period.