Which of the Following Statements Is False

question 9

Multiple Choice

Which of the following statements is false?

• A)The declaration of a cash dividend creates a liability as of the date of record.
• B)The date of record is irrelevant with respect to recording of a liability pertaining to a cash dividend.
• C)The dividend payment date is when the dividend liability is reduced.
• D)The dividend liability for a cash dividend is created on the declaration date.

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Definitions:

Defensive

Behaving in a manner aimed at protecting oneself from criticism, challenge, or accusation.

Think

The process of using one's mind to consider or reason about something.

Speak

To utter words or articulate sounds with the ordinary voice; to express thoughts, opinions, or information verbally.

Encourage

To support, inspire, or motivate individuals or groups to take action or to continue with an activity.