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The date of record for a dividend is the date on which the company: Multiple...

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Accounting

The date of record for a dividend is the date on which the company:

Multiple Choice

  • debits Dividend Expense and credits Cash for the dividend amount.

  • debits Dividends Declared and credits Dividends Payable for the amount of the dividend.

  • establishes who will receive the dividend payment.

  • debits Dividends Payable and credits Cash for the dividend amount.

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