Please indicate correct answer only no explanation 12. The last date on...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Please indicate correct answer only no explanation
12. The last date on which you can purchase shares of stock and still receive the next divid the date that is business day(s) prior to the date of record. end is A. 1 B. 2 C. 3 D. 4 E.5 13. Plyler Cabinets declared a dividend of $1.20 a share on May 15 to holders of record on Monday, June 1. The dividend is payable on June 15. Sara purchased 500 shares of Plyler Cabinets stock on Friday, May 29. How much dividend income will she receive on June 15 from Plyler Cabinets? A.$0 B. $0.80 C. $1.60 D. $160.00 E. $320.00 14. Kate purchased 500 shares of Fast Deliveries stock on Wednesday, July 7. Ted purchased 100 shares of Fast Deliveries stock on Thursday, July 8. Fast Deliveries declared a dividend on June 20 to shareholders of record on July 12 and payable on August 1. Which one of the following statements concerning the dividend paid on August 1 is correct given this information' A. Neither Kate nor Ted is entitled to the dividend. B. Kate is entitled to the dividend but Ted is not. C. Ted is entitled to the dividend but Kate is not. D. Both Ted and Kate are entitled to the dividend. E. Both Ted and Kate are entitled to one-half of the dividend amount
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
