On Which One of the Following Dates Do Dividends Become

question 45

Multiple Choice

On which one of the following dates do dividends become a liability of the issuer for accounting purposes?

• A)First day of the fiscal year in which the dividend is expected to be paid
• B)Twelve months prior to the expected dividend payment date
• C)On the date the board declares the dividend
• D)On the date the company announces the dividend to the public
• E)On the date of payment

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