4. JFINEX Corporation declared dividendsonNovember 5. The date of record is onNovember 22, the payment date isNovember 30, and the ex-dividend date ison November 20. Tommy owns a share ofstock on November 1. Tommy sells hisshare to Alex on November 20, and Alexsells the share to Maria on November 30.Who will receive the dividend?A) AlexB) TommyC) MariaD) No one

Introduction: Dividend payment date: The date on which dividend paid is dividend payment date.

Answered: 4. JFINEX Corporation declared…

4. JFINEX Corporation declared dividends on November 5. The date of record is on November 22, the payment date is November 30, and the ex-dividend date is on November 20. Tommy owns a share of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.

Question

4. JFINEX Corporation declared dividends
on
November 5. The date of record is on
November 22, the payment date is
November 30, and the ex-dividend date is
on November 20. Tommy owns a share of
stock on November 1. Tommy sells his
share to Alex on November 20, and Alex
sells the share to Maria on November 30.
Who will receive the dividend?
A) Alex
B) Tommy
C) Maria
D) No one

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