Which of the following is the date on which a company incurs a legal liability to distribute the dividend to owners of the stock?
A) date of record
B) commitment date
C) date of declaration
D) date of payment.

Question

Quizplus · Accepted Answer

The date of declaration is when a company formally announces the payment of a dividend and creates a legal liability to distribute the dividend to owners of the stock.

Which of the Following Is the Date on Which a Company