Accounting entries are required for dividends on which of the following two dates?
A) date of declaration and the date of record
B) date of record and the date of payment
C) date of declaration and the date of payment
D) date of record and the date of declaration

Question

Quizplus · Accepted Answer

Accounting entries are required on the date of declaration, when the liability is recognized, and on the date of payment, when the liability is settled.

Accounting Entries Are Required for Dividends on Which of the Following