Green Roof Motels has more cash on hand than its operations require. Thus, the firm has decided to pay out some of its earnings

1.

Green Roof Motels has more cash on hand than its operations require. Thus, the firm has decided to pay out some of its earnings in the form of cash to its shareholders. What are these payments to shareholders called?    A.  dividends B.  stock payments C.  repurchases D.  payments-in-kind E.  stock splits Refer to section 17.1

2.

Lester's Frozen Foods just paid out $0.50 a share to its shareholders. The cash for these payments came from a large sale of assets, not from any earnings of the firm. What are these payments to shareholders called?    A.  dividends B.  distributions C.  repurchases D.  payments-in-kind E.  stock splits Refer to section 17.1

3.	A $0.60 quarterly cash payment paid by T.L. Jones & Co. to its shareholders in the normal course of business is called a:    A.  repurchase. B.  liquidating dividend. C.  regular cash dividend. D.  special dividend. E.  extra cash dividend. Refer to section 17.1

4.

The board of directors of Wilson Sporting Equipment met this afternoon and passed a resolution to pay a cash dividend of $0.42 a share next month. In relation to this dividend, today is referred to as which one of the following dates?    A.  decision date B.  date-of-record C.  declaration date D.  payment date E.  ex-dividend date Refer to section 17.1