When does a cash dividend become a legal liability? a. It never becomes a liability because it

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When does a cash dividend become a legal liability?

a. It never becomes a liability because it is paid.

b. On date of payment.

c. On date of record.

d. On date of declaration and approval.

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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Question Posted: Jul 26, 2024 05:01 AM

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When does a cash dividend become a legal liability? a. It never becomes a liability because it

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Financial Accounting International Financial Reporting Standards

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