Match each of the following stockholders' equity concepts to the appropriate term (a-h).
-The day of the event that creates a liability to company
A)Cash dividend
B)Date of record
C)Stock Dividends Distributable
D)Date of declaration
E)Treasury stock
F)Preferred stock
G)Date of payment
H)Paid-In Capital in Excess of Par

Question

Quizplus · Accepted Answer

The date of declaration is the specific day on which the board of directors formally authorizes the distribution of a dividend, effectively creating a liability for the company.

Match Each of the Following Stockholders' Equity Concepts to the Appropriate