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Cash dividends sometimes are declared in one reporting period and are payable in the next reporting period. The dividend should be recorded on the Multiple

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Cash dividends sometimes are declared in one reporting period and are payable in the next reporting period. The dividend should be recorded on the Multiple Choice Payment date Declaration date Record date Ether the declaration, record, or payment date, as preferred by the company Owners' equity must equal the: Multiple Choice Total contributed capital plus retained earnings less liabilities Sum of the share capital account balances plus the total contributed capital in excess of par (or stated value) Total assets minus total liabilities Total contributed capital less total retained earnings Ownership of shares usually entitles the holders to all of the following rights except: Multiple Choice O To elect the board of directors of the corporation. To control the day-to-day operations of the corporation. O To purchase new shares when they are offered for sale. To share in the profits of the corporation. Authorized share capital refers to the total number of shares: Multiple Choice O Outstanding. Issued. That can be issued in conformity with the corporation's charter. Issued, less all treasury shares owned

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