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    Exam 11: Reporting and Analyzing Shareholders Equity
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    The Date on Which a Cash Dividend Becomes a Binding
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The Date on Which a Cash Dividend Becomes a Binding

Question 52

Question 52

Multiple Choice

The date on which a cash dividend becomes a binding legal obligation is on the


A) declaration date.
B) date of record.
C) payment date.
D) last day of the fiscal year.

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