1) Which one of the following is the date on which the board of directors agrees to pay a dividend and passes a resolution to do so?
Date of record
Ex-dividend date
Payment date
Declaration date
Public announcement date
2) On which one of the following dates is the determination made as to which shareholders will receive a dividend payment?
Date of record
Ex-dividend date
Payment date
Declaration date
Public announcement date
3) Which one of the following reduces the number of shares outstanding but does not decrease the value of owners' equity?
Stock repurchase
Stock split
Reverse stock split
Cash distribution
Liquidating dividend