A Liability for Dividends Exists

question 181

Multiple Choice

A liability for dividends exists:

• A) On the date of payment.
• B) When cumulative preferred stock is sold.
• C) On the date of record.
• D) For dividends in arrears on cumulative preferred stock.
• E) On the date of declaration.

---

Definitions:

Maryland

A state in the Mid-Atlantic region of the United States, known for its significant historical sites and diverse geography.

Timucua Indians

A grouping of Native American tribes inhabiting Northern Florida and Southern Georgia, known for their complex societies and interaction with European settlers.

Florida Governor

The chief executive of the state of Florida, responsible for enforcing state laws and overseeing the operation of the state government.

Spanish Friars

Religious clergy from Spain who played significant roles in the Christianization and colonization of the Americas.