How does The J.M. Smucker Company's dividend announcement impact the company's financial statements? NOVEMBER 14, 2019 BY DR. WENDY TIETZ, CPA, CMA, CSCA, CGMA O COMMENTS On October 25, 2019, The J.M. Smucker Company made the following dividend announcement: The J. M. Smucker Company (NYSE: SJM) today announced the its Board of Directors has approved a $0.88 per share dividend on the common shares of the Company. The dividend will be paid on Monday, December 2, 2019, to shareholders of record at the close of business on Friday, November 15, 2019. Questions 1. What is the impact on Smucker's balance sheet related to the dividend on the following dates: LETRA CRUNCHI a. October 25, 2019 b. November 15, 2019 c. December 2, 2019 2. On what date will a shareholder receive the cash dividend? 3. On what date does the dividend become a liability for Smucker's? 4. Does the dividend announcement or payment have an impact on net income? Explain