Which of the Following Happens at the Date of Record

question 4

Multiple Choice

Which of the following happens at the date of record of a cash dividend?

• A)Dr.Dividends Declared,Cr.Dividends Payable
• B)Dr.Dividends Declared,Cr.Cash
• C)No entry is made in the accounts,but a list of shareholders entitled to receive the dividend is prepared.
• D)The board of directors approves the dividend but no entry is made in the accounts.

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Definitions:

Commercially Viable

Describes a product, service, or business that can generate enough revenue to cover its costs and yield a profit.

Federal Law

Legislation passed by the national government of the United States that applies throughout the country.

Creative Destruction

The hypothesis that the creation of new products and production methods destroys the market power of existing monopolies.

Dominant Firms

Companies that have a major share of sales in a specific market, significantly influencing that market's dynamics.