The Declaration Date for a Dividend Is the Date on Which

question 95

Multiple Choice

The declaration date 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:

Business Model Canvas

A visual chart with elements describing a firm's value proposition, infrastructure, customers, and finances, facilitating an understanding of a business model.

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An individual who creates and manages a business venture with the aim of profit-making while taking on financial risk.

Business Model Canvas

A strategic management template for developing new or documenting existing business models visually.

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