Which of the following is NOTa date associated with cash dividends? Select one: A. Date of declaration B. Date of payment C. Date of record D. Date of issuance The date of record is the date that: Select one: A. the shareholders purchased the stock. B. will determine which shareholders receive the dividends. C. the board of directors announces a dividend will be paid. D. the dividends will be transferred to the shareholders. When a cash dividend is declared: Select one: A. the Retained Earnings account is credited B. the Cash account is debited C. the Cash account is credited D. the Retained Earnings account is debited What type of stock pays dividends in arrears? Select one: A. Cumulative preferred stock B. Non-cumulative preferred stock C. Cumulative common stock D. Non-cumulative common stock Which of the following is not an advantage of owning preferred shares? Select one: A. pay a fixed dividend amount B. receive assets before the common shareholders if the corporation liquidates C. typically are non-voting D. receive dividends before the common shareholders