Examlex
Factor the trinomial.
Dividends in Arrears
Outstanding dividends on cumulative preferred stock that have not been paid by the corporation by the specified payment date.
Journal Entry
A record of a business transaction in an accounting system, which includes debits and credits in appropriate accounts to maintain the ledger's accuracy.
Date of Payment
The specific day on which payment is made or received.
Dividends Payable
A liability account recording the amount a company owes to its shareholders in announced dividends to be paid.
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