Dividends increase liabilities on which of the following dates? Select one: a. Record date b. Declaration date c. Payment date Od. Sale date Which account is constantly updated during the year for the perpetual method? Select one: a. Purchases b. Purchase Discounts c. Cost of Goods Sold d. Purchase Returns Which of the following would not initially be recorded as a prepaid expense by Ridge Corporation? a. Ridge Corporation purchased supplies to be used over the next year. b. Ridge Corporation paid for four months of maintenance fees to be incurred in the next four months. c. Ridge purchased a three-year insurance policy. d. Ridge purchased a three-year insurance policy.