The board of directors of Rose Company is going to pay a dividend of $ 56,000 to

Question:

The board of directors of Rose Company is going to pay a of $ 56,000 to its common shareholders. Describe what will happen on each of the dates below in relation to this $ 56,000
A. Date of declaration
B. Date of record
C. Date of payment
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...