The Liability for a Dividend Is Recorded on Which of the Following

question 60

Multiple Choice

The liability for a dividend is recorded on which of the following dates?

• A) date of record
• B) date of payment
• C) last day of the fiscal year
• D) date of declaration

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Definitions:

Social Responsibility

The practice of producing goods and services in a way that is not harmful to society or the environment and actively contributing to the well-being of global and local communities.

Charitable Contributions

Donations made by individuals or organizations to charitable causes for altruistic purposes.

Community Service

Community Service is volunteer work performed for the benefit of the community without monetary compensation, often mandated by courts or as a requirement by educational institutions.

Security and Exchange Commission (SEC)

A U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.