When a dividend is declared by the board of directors, the source for determining who should receive dividend checks is the
A) shareholders' capital stock master file.
B) stock certificate books.
C) common stock account in the general ledger.
D) corporate directory.

Question

Quizplus · Accepted Answer

The shareholders' capital stock master file contains detailed information about each shareholder, including their current address and the number of shares owned, making it the primary source for determining who should receive dividend checks when they are declared.

When a Dividend Is Declared by the Board of Directors