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:

Multinomial

Related to outcomes or processes that can fall into more than two categories in statistical experiments.

Categories

Distinct groups or classes into which items or individuals can be sorted based on shared qualities or characteristics.

Proportion

A statistical measure that indicates the fraction of the total population that possesses a particular attribute or characteristic.

Chi-squared Goodness-of-fit Test

This test assesses if observed frequencies in a single categorical variable match expected frequencies determined from a theoretical distribution.