6) The date the directors vote to declare and pay a A) Date of record. B) Date of declaration. C) Liquidating date. D) Date of stockholders' meeting. E) Date of payment. dividend is called the: 7) A liability for dividends exists A) On the date of record B) On the date of declaration. C) For dividends in arrears on cumulative preferred stock. D) On the date of payment. E) When cumulative preferred stock is sold. 8) A company's board of directors votes to declare a cash dividend of S.75 per share of stock. Th e company has 15,000 shares authorized, 10,000 issued, and 9,500 shares outstanding. he total amount of the cash dividend is: A) $7,500. B) $14,625. C) $7,125. D) $11,250. E) $10,250. 9) A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12,000 common shares outstanding. The journal entry to record the payment of the cash dividend is: A) Debit Retained Earnings $12,000; credit Common Dividend Payable $12,000. B) Debit Common Dividend Payable $12,000; credit Cash $12,000. C) Debit Common Dividend Payable $12,000; credit Retained Earnings $12,000. D) Debit Dividend Expense $12,000; credit Cash $12,000. E) Debit Dividend Expense $12,000; credit Common Dividend Payable $12,000. 0) A corporation's distribution of additional shares of its own stock to its stockholders without the receipt of any payment in return is called a: A) Treasury stock B) Stock subscription. C) Premium on stock. D) Stock dividend. E) Discount on stock