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:

Prices

The amount of money required to purchase a good, service, or asset.

Shirts

Articles of clothing worn on the upper body, usually having sleeves and a collar, and made from various fabrics.

Hot Drinks

Beverages that are served warm, such as coffee, tea, or hot chocolate.

Temperature

A physical quantity expressing the subjective perceptions of hot and cold, measured with thermometers.