Q143
____________dividend promises to pay shareholders at future date
A.
Scrip
AnswerB.
Cash
C.
Stock
D.
Property
Answer: Option A
Solution
Answer: Option A
Solution:
Scrip dividend promises to pay shareholders at future date. A scrip dividend program is when a company instead of automatically giving their shareholders a cash dividend, gives their shareholders the choice of either receiving a cash dividend or the equivalent in additional shares of the company.