Chapter 17

Chapter 17 - Chapter 17 - Payout Policy 17.1 Distributions...

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Unformatted text preview: Chapter 17 - Payout Policy 17.1 Distributions to Shareholders 1) The date on which the board authorizes the dividend is the A) declaration date. B) distribution date. C) record date. D) ex- dividend date. Answer: A Explanation: A) D) Diff: 1 Topic: 17.1 Distributions to Shareholders Skill: Definition 2) The firm will pay the dividend to all shareholders who are registered owners on a specific date, set by the board, called the A) declaration date. B) record date. C) distribution date. D) ex- dividend date. Answer: B Explanation: A) D) Diff: 1 Topic: 17.1 Distributions to Shareholders Skill: Definition 3) Anyone who purchases the stock on or after the ________ date will not receive the dividend. A) distribution B) record C) ex- dividend D) declaration Answer: C Explanation: A) D) Diff: 1 Topic: 17.1 Distributions to Shareholders Skill: Definition 4) The firm mails dividend checks to the registered shareholders on the A) ex- dividend date. B) declaration date. C) distribution date. D) record date. Answer: C Explanation: A) D) Diff: 1 Topic: 17.1 Distributions to Shareholders Skill: Definition 5) Which of the following statements is false? A) From an accounting perspective, dividends generally reduce the firms current (or accumulated) retained earnings. B) The way a firm chooses between paying dividends and retaining earnings is referred to as its payout policy. C) Most companies that pay dividends pay them semi- annually. D) Occasionally, a firm may pay a one- time, special dividend that is usually much larger than a regular dividend. Answer: C Explanation: A) D)...
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This note was uploaded on 02/02/2012 for the course BUS 438 taught by Professor Dutt during the Winter '12 term at Cal Poly.

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Chapter 17 - Chapter 17 - Payout Policy 17.1 Distributions...

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