When does a dividend become a liability

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 11RQ
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  1. When does a dividend become a liability? According to your text, it occurs on the:
  2. Date of record
  3. Date of payment
  4. Date of declaration
  5. Last day of fiscal year
  6. None of the above
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