On the Dividend Record Date

question 3

Multiple Choice

On the dividend record date

• A)a dividend becomes a current obligation.
• B)no entry is required.
• C)an entry may be required if it is a stock dividend.
• D)dividends payable is debited.

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Definitions:

Personal Selling Process

A direct method of selling where a salesperson personally presents products or services to potential customers with the aim of making a sale.

Reservation

The act of booking or securing a service or space in advance, such as a hotel room, a table at a restaurant, or a ticket for an event.

Sales Presentation

A structured dialogue or demonstration aimed at persuading a potential customer to purchase a product or service.

Initial Sales Call

The first contact made by a sales representative to a potential customer, aiming to introduce the product or service and gauge interest.