On Which of the Following Dates Should the Dividends Payable

question 87

Multiple Choice

On which of the following dates should the dividends payable account be recorded in the company records for a stock dividend?

• A) Date of declaration.
• B) No liability is associated with a share dividend.
• C) Date of payment.
• D) Date of record.

---

Definitions:

Equilibrium Quantity

The amount of goods or services supplied is exactly equal to the amount of goods or services demanded at a given price.

Quantity Demanded

The overall volume of a good or service that consumers intend and can afford to buy within a specific period at a particular price.

Complementary Good

A product or service that is typically used together with another product, such that an increase in demand for one leads to an increase in demand for the other.

Change in Demand

A change in the quantity demanded of a good or service at at least one price that is caused by factors other than a change in the price of that good or service.