16 Not yet answered Points of 300 - Flax gintion On May 15, the board of directors of Pizza Port Inc. declared a $0.60 per share cash dividend on its $1 par common stock. The date of record for shareholders eligible for this dividend was February 1. The company pays the dividend on July 1. On what day is the liability for the dividends recorded? Select one: a. February 1 b. May 15 c. July 1 d. December 31 vious page