Vince buys 500 shares of common stock in Water Services, Inc. on March 30, 2020. Ono April 28,2020, WSI declares $2.00 per share dividend for all shareholders of record as of March 15, 2020.Is Vince entitled to the dividend?Yes, because he was a shareholder on the day the dividend was declared.Yes, because shareholders are always entitled to the dividendNo, because he was not a shareholder as of the record date.None of the above.

Record date is the date on which the company finalises the list of eligble shareholders for dividend…

Answered: sa shareholder on the day the dividend…

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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The following are a list of terms. ______ 1) Additional paid in capital ______ 2) Authorized capital stock ______ 3) Legal capital ______ 4) Preemptive right ______ 5) Registrar ______ 6) Stated value ______ 7) Subscribed capital stock ______ 8) Transfer agent ______ 9) Treasury stock ______ 10) Voting right Required:Match the following definition with the terms listed above. a) Installment purchase contract with an investor. b) An independent party hired to handle the stock issuance. c) Maintains the shareholders records. d) The ability to elect directors. e) Maintains a proportionate share of ownership. f) Shares authorized by state charter. g) Stocks that were issued and reacquired by the corporation. h) To protect the corporations creditors. i) No-par value j) The excess received is recorded in this account.
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sa shareholder on the day the dividend was declared. holders are always entitled to the dividend