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It is the date of the declaration of dividends, not the date of dividend payment, that affects retained earnings and creates the liability. Select one:

It is the date of the declaration of dividends, not the date of dividend payment, that affects retained earnings and creates the liability. Select one: True False
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It is the date of the declaration of dividends, not the date of dividend payment, that affects retained earnings and creates the liablity. Select one: True False

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