Question

The board of directors of Bosco Company declared a cash dividend on November 15, 2017, to be paid on December 15, 2017, to stockholders owning the stock on November 30, 2017. Given these facts, the date of November 30, 2017, is referred to as the_________.a. declaration date.b. record date.c. payment date.d. ex-dividend date.

Answer 1

Answer:

a. declaration date

Explanation:

Declaration date refers to the the period the board of directors announced the next dividend payment. In the case of Bosco Company, the month of November 2017 is the declaration date.