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.

Question

Quizplus · Accepted Answer

On the dividend record date, no accounting entry is required. This date simply identifies the shareholders who are entitled to receive the dividend, but it does not involve any financial transaction that would necessitate an accounting entry.

On the Dividend Record Date