An entry for dividends is NOT made on the
A) date of declaration.
B) date of record.
C) date of payment (cash dividends).
D) date of distribution (stock dividends).

Question

Quizplus · Accepted Answer

The entry for dividends is not made on the date of record, as this is simply a date which determines which investors are eligible to receive the dividend. The entry is made on the date of declaration, when the company announces the dividend, or on the date of payment, when the dividend is actually paid to investors. For stock dividends, the entry is made on the date of distribution, when the company distributes the additional shares to investors.

An Entry for Dividends Is NOT Made on the