Question

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

Answer 1

Answer:

c. finalizes its list of stockholders who will receive dividends

Explanation:

The date of record is the date the corporation is the cut-off date to determine which shareholder is to receive a dividend. It is usually about two to three weeks from the declaration date.