When does a dividend become a liability
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- When does a dividend become a liability? According to your text, it occurs on the:
- Date of record
- Date of payment
- Date of declaration
- Last day of fiscal year
- None of the above
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- The date on which a cash dividend becomes a binding legal obligation is the Group of answer choices declaration date date of record payment date last day of the fiscal yearThe accrual of liability in relation to a cash dividend is at the date of distribution declaration record fiscal yearendThe date the liability for dividends must be recognized:
- The date on which liability for dividends must be recorded. * a. Date of payment b. Date of record c. Declaration date d. Date of issuanceThe date on which liability for dividends must be recorded. a. Date of record b.Date of issuance c. Declaration date d. Date of paymentThe date which determines who gets the dividend * a. date of record b. date of issuance c. date of payment d. date of declaration
- An entity shall adjust the carrying amount of the dividend payable at the end of each reporting period and at the date of settlement with any changes in the carrying amount of the dividend payable recognized as component of other comprehensive income b. directly in retained earnings c. as gain or loss on property dividend d. as adjustment of share premiumWhich of the following would be classified as non-current liability? *a. Unearned revenueb. Mandatory redeemable preference sharesc. The current maturing portion of long-term debtd. Accrued salaries payable to managementWhat is the net adjustment to retained earnings on the disposal of Security A? What amount in OCI should be recognized in the statement of changes in equity on December 31,2020?
- Which of the following sequences of dividend-related dates is in the correct chronological order (earliest date first)? Declaration date, record date, payment date Record date, declaration date, payment date Declaration date, payment date, record date Payment date, declaration date, record date None of theseDebt issuance costs are: Accounted for as a deduction from the equity balance on the balance sheet Recognized initially as a current liability on the balance sheet Amortized over the term of the related debt liability Expensed on the income statement when the transaction occurs Which one is the correct answer please?How does the ex-dividend date differ from the date of record?