One of the transactions commonly associated with the financing process is the distribution of dividends.Information needed to process that transaction includes:
A)Shareholder identification data.
B)Type of dividend.
C)Both shareholder identification data and type of dividend.
D)Neither shareholder identification data nor type of dividend.

Question

Quizplus · Accepted Answer

To process the distribution of dividends, both shareholder identification data and type of dividend are needed. Shareholder identification data is necessary to ensure that dividends are distributed to the correct shareholders, while the type of dividend (cash or stock) determines how much each shareholder will receive.

One of the Transactions Commonly Associated with the Financing Process