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      Question

      What must a company do with the amount of the dividend,

      including interim dividend, once it is declared?
      A Deposit the amount of the dividend in the company's general account within five days from the date of declaration Correct Answer Incorrect Answer
      B Transfer the dividend amount to the shareholders' accounts within five days from the date of declaration Correct Answer Incorrect Answer
      C Deposit the amount of the dividend in a scheduled bank in a separate account within five days from the date of declaration Correct Answer Incorrect Answer
      D Allocate the dividend amount for future investments within five days from the date of declaration Correct Answer Incorrect Answer
      E Distribute the dividend amount to all eligible shareholders within five days from the date of declaration Correct Answer Incorrect Answer

      Solution

      Section 123. Declaration of dividend: (4) The amount of the dividend, including interim dividend, shall be deposited in a scheduled bank in a separate account within five days from the date of declaration of such dividend.

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