No Journal Entry Is Made on the Dividend Declaration Date

question 121

True/False

No journal entry is made on the dividend declaration date.

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Definitions:

Secondary Market

The marketplace where investors buy and sell securities they own to other investors or traders, after the original issuance of the security.

Issue Securities

The process by which corporations, governments, or other entities raise money by issuing stocks, bonds, or other financial instruments to investors.

Stock Prices

The current price at which a share of a company is traded on the stock market.

Company's Profits

The financial gain generated by a business, determined by subtracting total expenses from total revenue.