On the dividend's date of record
A) a dividend becomes a current obligation.
B) no entry is required.
C) an entry may be required if there has been a change in shareholders since the last dividend declaration.
D) Dividends Payable is debited.

Question

Quizplus · Accepted Answer

On the dividend's date of record, no entry is required in the accounting records. This date simply identifies the shareholders entitled to receive the dividend, but does not involve any accounting transaction.

On the Dividend's Date of Record