On Which of the Following Dates Should the Dividends Payable

question 4

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

---

Definitions:

Past Saving

The accumulation of previously saved money or assets that can be used for future investments or expenditures.

Investment

The allocation of resources, such as capital, to generate income or profit.

Standard of Living

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.

Municipal Bonds

Municipal bonds are debt securities issued by states, cities, counties, and other governmental entities to fund day-to-day obligations and to finance capital projects such as building schools, highways, or sewer systems.