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:

Sealed Lead-Acid Battery

A type of rechargeable battery that uses lead peroxide and sponge lead, contained in a sealed unit to prevent leakage and reduce maintenance.

Carbon Pile Testing

A method for assessing the performance of an electrical component or system, such as a battery or alternator, by applying adjustable loads.

Degrees Fahrenheit

A scale for measuring temperature where the freezing point of water is 32 degrees and the boiling point is 212 degrees under standard atmospheric conditions.

Sulfated

Describes a battery condition where lead sulfate crystals accumulate on the battery plates, often due to prolonged discharging, reducing the battery's capacity and performance.