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On which of the following dates do dividends become a liability of the issuer for accounting purposes? on the date the board declares the dividend

On which of the following dates do dividends become a liability of the issuer for accounting purposes?

on the date the board declares the dividend

on the date the company announces the dividend to the public

twelve months prior to the expected dividend payment date

first day of the fiscal year in which the dividend is expected to be payed

on the date of payment

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