The auditor is concerned with establishing that dividends are paid to stockholders of the entity owning stock as of the

Question

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The record date is the date on which the company prepares a list of all shareholders who are entitled to receive dividends, and only those shareholders on the list will receive dividends. The auditor will verify that dividends were paid only to those shareholders who owned stock as of the record date. The issue date is the date on which the shares of stock are first issued, the declaration date is the date on which the company's board of directors announces its intention to pay a dividend, and the payment date is the date on which the dividend checks are actually mailed to shareholders.

The Auditor Is Concerned with Establishing That Dividends Are Paid