The final approval of a dividend payment comes from
A) the controller.
B) the president of the company.
C) the board of directors.
D) It is a joint decision requiring approval from all of the above.

Question

Quizplus · Accepted Answer

The final approval of a dividend payment comes from the board of directors. The board of directors has the ultimate responsibility for making decisions about the corporation's business operations, including the distribution of dividends to shareholders. The controller and president may be involved in the decision-making process, but the ultimate decision rests with the board of directors.

The Final Approval of a Dividend Payment Comes from