Question

A corporation declares a 5% stock dividend that's payable on Thursday, October 18. If the record date is Wednesday, October 3, the ex-date for this distribution is:________

Answer 1

A corporation declares a 5% stock dividend that's payable on Thursday, October 18. If the record date is Wednesday, October 3, the ex-date for this distribution is Tuesday, october 2.

A corporation is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and legally recognized as such for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now permit the formation of new companies by registration.

Many, but not all, companies are stock companies and vice versa. A company or other company may attempt to incorporate. As a corporation, a company exists as a separate legal entity from its owners. Above all, this means that the owner cannot be held responsible for the company's debts.

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