A corporation records a dividend-related liability
A)on the record date.
B)on the payment date.
C)when dividends are in arrears.
D)on the declaration date.

Name: A corporation records a dividend-related liability A)on the record date. B)on the payment date. C)when dividends are in arrears. D)on the declaration date.
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Question

Quizplus · Accepted Answer

A corporation records a dividend-related liability on the declaration date, which is when the board of directors formally approves and announces the dividend.

A Corporation Records a Dividend-Related Liability