How are dividends that have been declared and authorized but remain unpaid at the end of the year, recorded in the statement of financial position?

Name: How are dividends that have been declared and authorized but remain unpaid at the end of the year, recorded in the statement of financial position?
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Question

Quizplus · Accepted Answer

Dividends that have been declared and authorized but remain unpaid at the end of the year are a current liability because they represent an obligation to pay shareholders in the near future.

How Are Dividends That Have Been Declared and Authorized but Remain