Which of the Following Statements Is False

question 66

Multiple Choice

Which of the following statements is false?

• A)The declaration of a cash dividend creates a liability as of the date of record.
• B)The date of record is irrelevant with respect to recording a liability for a cash dividend.
• C)The dividend payment date is when the dividend liability is reduced.
• D)The dividend liability for a cash dividend is created on the declaration date.

---

Definitions:

Budget Overruns

Situations where the actual spending on a project or operation exceeds its initially planned or allocated budget.

Formal Administrative System

The structured procedures, processes, and roles established within an organization to achieve efficiency, effectiveness, and adherence to regulations.

Directly Supervise

The active oversight and management of employees' work and performance by a supervisor or manager with immediate authority.

Sexual Harassment

Occurs as behaviour of a sexual nature that affects a person’s employment situation.