The Date of Record for a Dividend Is the Date

question 67

Multiple Choice

The date of record for a dividend is the date on which the company:

• A)debits Dividends Declared and credits Dividends Payable for the amount of the dividend.
• B)debits Dividend Expense and credits Cash for the dividend amount.
• C)debits Dividends Payable and credits Cash for the dividend amount.
• D)establishes who will receive the dividend payment.

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Definitions:

Organizational Structure

Organizational structure outlines how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims, defining how job roles and responsibilities are distributed.

Integrator Roles

Positions or responsibilities in an organization that involve coordinating and synthesizing information across different departments to ensure aligned and efficient operations.

Direct Supervision

A management approach where managers closely oversee and control the work of their subordinates, often involving immediate feedback and instructions.

Informal Communication

The unofficial and casual exchange of information between individuals in an organization, outside formal channels.