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24 January, 16:04

The day on which the board of directors of the corporation distributes a dividend is called the declaration date.

A. True

B. False

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Answers (1)
  1. 24 January, 16:40
    0
    The correct answer is letter "B": False.

    Explanation:

    The Declaration date is the date when the Board of Directors of a company announces they will pay dividends. Since that moment, the firm has the responsibility to make the payment to its shareholders. However, on that date, the payments are not provided. It is likely to be specified by them at a later stage.
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