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4. Dividend payment procedure When a company pays a dividend, it isn't as simple as getting a paycheck from one's employer. There are several critical

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4. Dividend payment procedure When a company pays a dividend, it isn't as simple as getting a paycheck from one's employer. There are several critical dates in the dividend payment process. Identify which critical dividend date relates to each of the statements. Holder-of- Ex- Declaration Record Dividend Payment Statements Date Date Date Date Flagon Transcontinental Corp.'s board of directors announced that it will pay a $1 million dividend in three months on this date. Flagon Transcontinental Corp. actually sent the dividend checks to stockholders on this date. Flagon Transcontinental Corp.'s board of directors declared that whoever is listed as the owner of the stock on this date will receive the dividend for this year. Flagon Transcontinental Corp.'s board of directors set this date as the date on which the right to the current dividend no longer accompanies the stock. Grade It Now Save & Continue Continue without saving

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