Asked by
Ember Leifheit
on Dec 16, 2024
Verified
On the dividend record date
A) a dividend becomes a current obligation.
B) no entry is required.
C) an entry may be required if it is a stock dividend.
D) Dividends Payable is debited.
Dividend Record Date
The specific date set by a corporation's board of directors after which the shareholders on record will be entitled to receive the declared dividend.
Dividends Payable
A liability account on a company's balance sheet representing the amount owed to shareholders from declared dividends not yet paid.
- Gain an understanding of the key dates relating to dividends, namely the declaration date, date of record, and payment date.
Verified Answer
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Learning Objectives
- Gain an understanding of the key dates relating to dividends, namely the declaration date, date of record, and payment date.