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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sa shareholder on the day the dividend was declared. holders are always entitled to the dividend