1-Holders of record are stockholders whose names are recorded on the date of record. TRUE


2- Purchasers of a stock selling ex-dividend receive the current dividend. FALES 

3- Date of record (dividends) is the actual date on which the company will mail the dividend payment to the holders of record. FALES 


4- The ex-dividend period begins four business days prior to the payment date during which a stock will be sold without paying the current dividend.  FALES 


5- The payment of cash dividends to corporate stockholders is decided by the firm's chief financial officer. FALES 


6- Dividend reinvestment plans (DRPs) enable stockholders to use dividends received on the firm's stock to acquire additional shares or fractional shares at little or no transaction (brokerage) cost. TRUE



7- Because retained earnings are a form of internal financing, the dividend decision can significantly affect the firm's external financing requirements.  TRUE 


8- Ignoring general market fluctuations, the stock's price would be expected to drop by the amount of the declared dividend on the ex-dividend date.  TRUE 


9- The dividend decisions can significantly affect the firm's share price and external financing requirements. (  TRUE 


10- Dividends provide information about the firm's current and future performance.  TRUE




11- A firm that is unable to pay its bills as they come due is technically insolvent. TRUE

The goal of short-term financial management is to manage each of the firm's current assets and current liabilities in order to achieve a balance between profitability and risk that contributes to the firm's value. TRUE


12- Short-term financial management is concerned with management of the firm's current assets and current liabilities. TRUE


13-   Working capital represents refers to a firm's long term capital. FALES