Define the following dividend dates for a cash dividend.For each date,state whether a journal entry should be recorded.In addition,if a journal entry should be record,state the effect on assets,liabilities or equity.
Definitions:
Law of Finds
A legal doctrine that governs the rights to ownership of property that has been unclaimed and discovered.
Law of Salvage
A principle in maritime law where a person who recovers another's ship or cargo after peril or loss at sea is entitled to a reward proportional to the value of the property saved.
Demolition Derby
A motorsport event where participants deliberately crash their vehicles into one another until only one is left operational.
Title
Legal ownership or evidence of ownership of property, assets, or intellectual property.
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