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:

Aldosterone

Mineralocorticoid steroid hormone produced by the adrenal cortex with action in therenal tubule to regulate sodium and potassium balance in the blood.

Sodium and Water

Vital components for physiological functions, closely regulated to maintain fluid balance, nerve transmission, and muscle function in the body.

Excretion

The process of removing waste substances from the body, primarily performed by organs like the kidneys, liver, skin, and lungs.

Jejunostomy Feeding

The provision of nutrition directly into the jejunum (part of the small intestine) through a surgically created opening known as a jejunostomy.