When Dividends Are Declared in One Fiscal Year and Paid

question 76

Multiple Choice

When dividends are declared in one fiscal year and paid in the next fiscal year, the liability for the dividend should be recorded as of the:

• A) Date the dividend is declared.
• B) Last day of the fiscal year.
• C) Date of record.
• D) Date of payment.

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Definitions:

Social Responsibility

The idea that businesses should balance profit-making activities with activities that benefit society; it involves developing businesses with a positive relationship to the society in which they operate.

Positive Impact

The beneficial effect that one's actions or policies have on individuals, communities, environments, or markets.

Negative Impact

The adverse effects or harm that an action or decision may cause to individuals, communities, or the environment.

SWOT Analysis

A strategic planning tool that identifies and evaluates the Strengths, Weaknesses, Opportunities, and Threats related to a project or business.