On November 1, 2015, Oster Company declared a dividend of $3.00 per share. Oster Company has- 10,000 shares of common stock outstanding and 20,000 preferred shares. The date of record is November 15, and the payment date is November 30, 2014. Which of the following statements is true of the date of record? A) No journal entry is made on the date of record. B) The company transfers cash to a brokerage firm on the date of record. C) The liability must be recorded on the date of record. D) Cash is disbursed to shareholders on the date of record.