Dividends payable is recorded at the date of

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Quizplus · Accepted Answer

Dividends payable is recorded at the date of declaration, which is when the board of directors declares a dividend to be paid to shareholders. It is at this point that the company incurs a legal obligation to pay the dividend and the dividend becomes a current liability on the company's balance sheet. Dividends are not recorded at the date of issue, record, or payment, as these dates represent different points in the dividend process.

Dividends Payable Is Recorded at the Date of