When Is a Liability for Dividends Created

question 173

Multiple Choice

When is a liability for dividends created?

• A)at the end of each fiscal year
• B)at the date of declaration
• C)at the date of record
• D)at the date of payment

---

Definitions:

Gravity

A fundamental force of nature that causes all things with mass or energy to be attracted to one another, keeping planets in orbit around stars and forming the structure of the universe.

One-Way Flow

A system or process in which resources or materials move in a single direction without recirculation or return to the starting point.

Limiting Factor

An environmental condition that restricts the growth, abundance, or distribution of an organism or a population within an ecosystem.

Terrestrial Ecosystems

are ecosystems found on land, characterized by diverse biotic communities interacting with the abiotic environment.