Which of the following dividend dates does NOT get a formal journal entry?

Question

Quizplus · Accepted Answer

The date of record does not get a formal journal entry as it is simply used to determine which shareholders are eligible to receive the dividend on the date of payment. The date of declaration and date of payment both require formal journal entries to record the declaration of the dividend and the actual payment made to shareholders. Therefore, D is not the correct answer.

Which of the Following Dividend Dates Does NOT Get a Formal