On Which of the Following Dates Do Dividends Become a Liability

question 10

Multiple Choice

On which of the following dates do dividends become a liability of a corporation?

• A) On the declaration date
• B) On the date of record
• C) At the end of the fiscal year
• D) On the payment date

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Definitions:

Printed Memo

A written message, typically used within an organization, that is distributed in a printed format to convey important information to employees or members.

Formal Communication

Communication that follows established protocols and structures, often within organizational settings, such as reports or official meetings.

Electronically

Pertaining to processes or systems that operate via electronic devices or the internet.

Personally

Done in person or by oneself, often implying a direct involvement or interest in a particular matter.