The date of record for a dividend is the date on which the company:
A)debits Dividends Declared and credits Dividends Payable for the amount of the dividend.
B)debits Dividend Expense and credits Cash for the dividend amount.
C)debits Dividends Payable and credits Cash for the dividend amount.
D)establishes who will receive the dividend payment.

Question

Quizplus · Accepted Answer

The date of record for a dividend is the date when the company determines the shareholders who are eligible to receive the dividend payment. It does not involve any accounting entries like debiting or crediting Dividends Declared, Dividend Expense, Dividends Payable, or Cash.

The Date of Record for a Dividend Is the Date