The Account Dividends Payable Is

question 52

Multiple Choice

The account Dividends Payable is

• A)debited on the date of declaration.
• B)credited on the date of payment.
• C)not a legal liability of the company.
• D)a liability on a balance sheet prepared between the date of declaration and the date of payment.
• E)a contra account found in the stockholders' equity section of the balance sheet.

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Definitions:

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